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Singapore Stocks: Beyonics, Hongkong Land, Noble Group, Wilmar

Sept. 22 (Bloomberg) -- Singapore’s Straits Times Index dropped 2.6 percent to 2,720.53 at the close. All stocks in the index of 30 companies fell.

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

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, slid 1.1 percent in New York yesterday.

Noble Group Ltd. (NOBL SP), a Hong Kong-based supplier of energy, food and mining commodities, dropped 3.8 percent to S$1.505. Olam International Ltd. (OLAM SP), a Singapore-based supplier of agricultural commodities, declined 4.7 percent to S$2.45.

Palm-oil producers: Crude palm-oil futures for December delivery dropped as much as 2 percent in Kuala Lumpur today.

Golden Agri-Resources Ltd. (GGR SP), the world’s second-biggest palm-oil producer by sales, slid 2.2 percent to 67.5 Singapore cents. Wilmar International Ltd. (WIL SP), the world’s largest palm-oil processor, slipped 2.3 percent to S$5.16. First Resources Ltd. (FR SP), an Indonesian plantation company, dropped 2.7 percent to S$1.28.

Beyonics Technology Ltd. (BT SP), a provider of electronics manufacturing services, sank 5.8 percent to 16.2 Singapore cents. The company it will report a loss for the year ended July due to lower demand from makers of hard disk drives.

Hongkong Land Holdings Ltd. (HKL SP), one of the biggest landlords in the Chinese city’s central business district, slumped 6.7 percent to $4.85. Deutsche Bank AG cut its rating on the stock to “sell” from “hold,” citing weakening office rents in Hong Kong. The brokerage lowered its share-price forecast by 41 percent to $4.40.

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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