Dec. 19 (Bloomberg) -- Singapore’s Straits Times Index fell 1.6 percent to 2,618.09 at the close. Six shares declined for each that rose in the 30-member gauge today.
The following were among the most active shares in the market. Stock symbols are in parentheses after the company names.
China developers: China’s home prices posted their worst performance this year, with more than half of the 70 biggest cities monitored in November recording declines after the government reiterated plans to maintain property curbs, according to a statement released on the National Statistics Bureau’s website yesterday.
CapitaLand Ltd. (CAPL SP), a developer that gets about 21 percent of sales from China, dropped 2.2 percent to S$2.25. Guocoland Ltd. (GUOL SP), the homebuilder that counts the mainland as its biggest market, fell 1.4 percent to S$1.745. Yanlord Land Group Ltd. (YLLG SP), a China-based real estate company, slid 2.6 percent to 95.5 Singapore cents.
SMRT Corp. (MRT SP), Singapore’s biggest commuter train operator, dropped 2.5 percent to S$1.775. The city-state’s worst subway disruptions on record have led to calls for SMRT Chief Executive Officer Saw Phaik Hwa to step down. She told ChannlNewsAsia she has no plans to resign.
Wilmar International Ltd. (WIL SP), a palm-oil producer that gets more than half of its sales from China, decreased 1.8 percent to S$4.91. Mainland palm-oil consumption may decline this year after the government sold stockpiles and curbed illegal production of blended cooking oil, the China National Grain & Oils Information Center said in e-mailed report.
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