Singapore Stocks: CapitaLand, Mewah International, Noble Group
Singapore’s Straits Times Index (FSSTI) gained 1.6 percent to 2,688.36, the highest close since Dec. 12. All stocks advanced 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.
Noble Group Ltd. (NOBL) , a Hong Kong-based commodities supplier, gained 2.7 percent to S$1.16. Olam International Ltd. (OLAM) , a Singapore-based trader of agricultural commodities, increased 1.9 percent to S$2.17.
Developers: Singapore’s private home prices increased 0.2 percent in the fourth quarter, after rising 1.3 percent in the third quarter, according to preliminary data from the Urban Redevelopment Authority.
City Developments Ltd. (CIT) , Singapore’s second-largest homebuilder, rose 2.3 percent to S$9.10. CapitaLand Ltd. (CAPL) , Southeast Asia’s biggest real estate company, advanced 2.3 percent to S$2.26. Wing Tai Holdings Ltd. (WINGT) , a developer of high-end residential properties, climbed 2.7 percent to 97 Singapore cents.
CapitaMalls Asia Ltd. (CMA) , owner of shopping malls in Singapore, Japan, China, India and Malaysia, increased 3.1 percent to S$1.165. The company said it will offer as much as S$200 million ($155 million) of bonds due in 2022.
Mewah International Inc. (MII) , a producer of vegetable oils, jumped 5.4 percent to 49 Singapore cents. The company said it will invest $145 million to build a refinery and packaging plant in Indonesia. The facility will have an annual refining capacity of 630,000 metric tons when completed by the end of 2013.
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