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Singapore Stocks: Ascendas REIT, Cerebos Pacific, Venture Corp.

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May 4 (Bloomberg) -- Singapore’s Straits Times Index dropped 0.3 percent to 2,990.59 at the close, paring this week’s advance to 0.3 percent. Two shares fell for each that rose on the 30-member gauge.

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

Ascendas Real Estate Investment Trust (AREIT SP) sank 3.8 percent to S$2.01, heading for its biggest decline since September 2010. The industrial landlord raised S$298.5 million ($240 million) by selling 150 million shares at S$1.99 each, according to two people familiar with the matter.

Cerebos Pacific Ltd. (CER SP) slipped 1.7 percent to S$5.79 after the maker of Brands Essence of Chicken health tonic said first-quarter net income dropped 13 percent from a year earlier to S$25.3 million.

Changjiang Fertilizer Holdings Ltd. (CJFH SP) fell 1.1 percent to 18.5 Singapore cents after the fertilizer maker reported first-quarter net income tumbled 50 percent from a year earlier to 23.3 million yuan ($3.7 million).

Rotary Engineering Ltd. (RTRY SP) declined 5.5 percent to 60.5 Singapore cents after the builder of storage tanks for the oil and gas industry said first-quarter profit slumped 41 percent from a year earlier to S$3.2 million.

Venture Corp. (VMS SP) dropped 2.7 percent to S$7.66 after Singapore’s biggest provider of electronics manufacturing services said first-quarter net income decreased 14 percent from a year earlier to S$35.5 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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