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Singapore Stocks: G.K. Goh, Jardine Cycle & Carriage, Lian Beng

Sept. 21 (Bloomberg) -- Singapore’s Straits Times Index gained 0.4 percent to 2,791.79 at the close. About the same number of stocks rose and fell in the index of 30 companies.

The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.

G.K. Goh Holdings Ltd. (GKG SP), a provider of financial services, surged 10 percent to 71 Singapore cents. The company said it agreed to sell its property near the central business district for S$32.8 million ($26 million).

Jardine Cycle & Carriage Ltd. (JCNC SP), a motor distributor that gets about 89 percent sales from Indonesia, dropped 1.6 percent to S$41. PT Astra International (ASII IJ), which is 50.1 percent owned by Jardine Cycle & Carriage, said Indonesia’s domestic vehicle sales declined to 73,279 units in August from 89,056 units in July.

Lian Beng Group Ltd. (LBG SP), a construction company, jumped 4.2 percent to 37 Singapore cents. Kim Eng Holdings Ltd. initiated coverage of the stocks with a “buy” rating and a share-price forecast of 62 Singapore cents. The company’s order book of about S$839 million will support profits in the next three years, analyst Ooi Yi Tung wrote in a note to clients.

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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