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Singapore Stocks: Intraco, Noble, Olam, SingXpress Land

May 31 (Bloomberg) -- Singapore’s Straits Times Index dropped 0.4 percent to 2,772.54 at the close. More than two shares declined for each that rose in the 30-member gauge.

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

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks 19 commodities ranging from copper to corn, fell 1.7 percent in New York yesterday, extending losses for a second day.

Noble Group Ltd. (NOBL SP), Asia’s biggest listed commodities trader, decreased 1.3 percent to S$1.115. Olam International Ltd. (OLAM SP), a Singapore-based supplier of agricultural commodities, slipped 0.6 percent to S$1.665.

Intraco Ltd. (INTR SP), a commodities trader and supplier of semiconductors, jumped 52 percent to 45.5 Singapore cents after saying controlling shareholder Hanwell Holdings Ltd. agreed to sell 29.9 percent of the company to TH Investment Pte for about S$18.3 million ($14.2 million), or 62 Singapore cents a share.

SingXpress Land Ltd. (SINX SP) fell 6.7 percent to 1.4 Singapore cents after the real estate company said it will sell 243 million new shares at 1.26 Singapore cents each, raising proceeds of about S$3 million.

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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