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Singapore Stocks: CapitaLand, Frasers Centrepoint, Jadason, QAF

April 24 (Bloomberg) -- Singapore’s Straits Times Index added 0.4 percent to 2,974.37 at the close. More than twice as many shares rose as fell on the 30-member gauge.

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

China developers: Shares of real-estate companies that do business in the world’s second-largest economy advanced after Shanghai Securities News reported the government may take measures to stimulate demand for owner-occupied homes.

CapitaLand Ltd. (CAPL SP), a developer that gets about 22 percent of sales from China, rose 1.4 percent to S$2.95. Yanlord Land Group Ltd. (YLLG SP), a Chinese homebuilder, advanced 0.8 percent to S$1.215.

Frasers Centrepoint Trust (FCT SP) increased 1 percent to S$1.575 after the shopping-mall operator reported second-quarter distributable income climbed 31 percent from a year earlier to S$21.3 million.

Jadason Enterprises Ltd. (JAD SP) sank 6.5 percent to 7.2 Singapore cents after the supplier of equipment to the semiconductor industry said it may post a first-quarter loss on lower demand.

QAF Ltd. (QAF SP) dropped 0.7 percent to 74.5 Singapore cents after the bakery and supermarket operator reported first-quarter net income tumbled 64 percent from a year earlier to S$10 million.

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net

To contact the editor responsible for this story: John McCluskey at j.mccluskey@bloomberg.net

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