Singapore Stocks: China Fishery, Noble Group, Qian Hu, SMRT
Singapore’s Straits Times Index (FSSTI) dropped 0.1 percent to 2,743.66 at the close, its first decline in three days. About three shares fell for every two that rose 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.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index (CRY), which tracks 19 commodities ranging from copper to corn, dropped 0.6 percent in New York yesterday, snapping a three-day rally.
Noble Group Ltd. (NOBL) , a Hong Kong-based commodities supplier, fell 1.3 percent to S$1.105. Olam International Ltd. (OLAM) , a Singapore-based trader of agricultural commodities, declined 3.1 percent to S$2.20.
Qian Hu Corp. (QIAN) , a supplier of ornamental fish, gained 4.4 percent to 9.4 Singapore cents after saying fourth- quarter profit climbed 40 percent from a year earlier.
SMRT Corp. (MRT) , Singapore’s biggest commuter-train operator, slid 0.6 percent to S$1.75. HSBC Holdings Plc cut its rating to “underweight” from “neutral.” Maintenance costs will increase following the worst subway disruptions on record, analyst Valerie Law wrote in a note to clients.
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