Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Singapore Stocks: CapitaLand, Neptune Orient, Noble Group

Dec. 9 (Bloomberg) -- Singapore’s Straits Times Index slipped 1.2 percent to 2,694.60 at the close. All but four stocks fell in the benchmark gauge of 30 companies. The measure fell 2.8 percent for the week, the fifth decline in six weeks.

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

China developers: China should maintain property curbs because housing prices in some Chinese cities are still relatively high, Ren Xingzhou, a director at the market economy research department of the State Council’s Development Research Center, wrote in a People’s Daily article.

CapitaLand Ltd. (CAPL SP), which counts both China and Singapore as its biggest markets by assets, dropped 2.9 percent to S$2.35. Guocoland Ltd. (GUOL SP) sank 0.6 percent to S$1.72, while Yanlord Land Group Ltd. (YLLG SP), a China-based homebuilder, slid 1.9 percent to S$1.025.

Neptune Orient Lines Ltd. (NOL SP), Southeast Asia’s biggest container carrier, dropped 0.9 percent to S$1.125. UOB-Kay Hian Holdings Ltd. maintained its “sell” rating on the stock, saying freight rates will continue to decline next year, while fuel costs will remain high.

Noble Group Ltd. (NOBL SP), a Hong Kong-based commodity supplier, slipped 2.1 percent to S$1.18. The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities ranging from copper to corn, decreased 0.7 percent in New York yesterday, extending its decline for a second day.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.