Singapore Stocks: CapitaLand, Golden Agri, Noble Group, Wilmar
Singapore’s Straits Times Index climbed 1.9 percent to 2,850.59 at the close, trimming this week’s losses to 4.8 percent. Four stocks rose for each that fell in the index of 30 companies.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.
CapitaLand Ltd. (CAPL) , Southeast Asia’s biggest developer, gained 2.8 percent to S$2.57. The company said it bought an additional stake in the Raffles City Shenzhen property development for 531.7 million yuan ($83 million), raising its investment in a project that includes an office tower, a shopping mall and a serviced apartment, to 73 percent from 58.3 percent.
City Developments Ltd. (CIT) , Singapore’s second-biggest homebuilder by market value, climbed 2.4 percent to S$10.14. The company said second-quarter net income rose 17 percent from a year earlier to S$220.9 million ($182 million).
CSE Global Ltd. (CSE) , a supplier of industrial automation systems, slumped 14 percent to 93 Singapore cents, its biggest decline since September 2001. The company said it had a second-quarter net loss of S$7 million, compared with a net income of S$15 million a year earlier.
Golden Agri-Resources Ltd. (GGR) , the world’s second- largest palm-oil producer by sales, advanced 3.2 percent to 64 Singapore cents. The company said second-quarter profit tripled to $179.9 million from $66 million a year earlier.
Noble Group Ltd. (NOBL) , a Hong Kong-based commodities supplier partly owned by China Investment Corp., jumped 5.6 percent to S$1.52. The company said second-quarter profit increased 63 percent from a year earlier to $139.8 million.
Wilmar International Ltd. (WIL) , the world’s biggest palm oil processor, gained 2 percent to S$5.21. The company said second-quarter net income rose 14 percent from a year earlier to $393.1 million.
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