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Singapore Stocks: China Fishery, Noble Group, Qian Hu, SMRT

Jan. 12 (Bloomberg) -- Singapore’s Straits Times Index dropped 0.1 percent to 2,743.66 at the close, its first decline in three days. About three shares fell for every two that rose in the 30-member gauge.

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

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks 19 commodities ranging from copper to corn, dropped 0.6 percent in New York yesterday, snapping a three-day rally.

Noble Group Ltd. (NOBL SP), a Hong Kong-based commodities supplier, fell 1.3 percent to S$1.105. Olam International Ltd. (OLAM SP), a Singapore-based trader of agricultural commodities, declined 3.1 percent to S$2.20.

China Fishery Group Ltd. (CFG SP) dropped 1 percent to 95 Singapore cents after the fishing-fleet operator canceled plans to list in Hong Kong due to adverse market conditions.

Qian Hu Corp. (QIAN SP), a supplier of ornamental fish, gained 4.4 percent to 9.4 Singapore cents after saying fourth-quarter profit climbed 40 percent from a year earlier.

SMRT Corp. (MRT SP), Singapore’s biggest commuter-train operator, slid 0.6 percent to S$1.75. HSBC Holdings Plc cut its rating to “underweight” from “neutral.” Maintenance costs will increase following the worst subway disruptions on record, analyst Valerie Law 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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