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Singapore Stocks: CapitaLand, Chip Eng Seng, Jasper Investments

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Dec. 7 (Bloomberg) -- Singapore’s Straits Times Index gained 1.2 percent to 2,782.55 at the close. Twice as many stocks rose as declined in the benchmark gauge of 30 companies.

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

CapitaLand Ltd. (CAPL SP), Southeast Asia’s biggest developer, climbed 2.4 percent to S$2.61. The company said it agreed to sell its entire 100 percent stake in Shanghai CapitaLand Xin Chuang Real Estate Development Co. for 852 million yuan ($133.88 million).

Chip Eng Seng Corp. (CHIP SP), a construction company, increased 1.3 percent to 38.5 Singapore cents. The company said it won a bidding for a site in central Singapore for hotel development. Chip Eng Seng offered S$189 million ($147 million) for the property.

Jasper Investments Ltd. (JASP SP), a provider of oil and gas drilling services, jumped 20 percent to 7.3 Singapore cents after a unit of Keppel Corp. (KEP SP) increased its stake in the company to 5.9 percent from 4.9 percent previously.

Keppel Telecommunications & Transportation Ltd. (KPTT SP), the provider of logistics services and operator of data centers, rose 2.6 percent to S$1.18. The company said it has signed a joint venture agreement with Securus Data Property Trust to establish and operate a data center in Sydney, Australia.

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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