Singapore Stocks: Frasers Commercial, Oxley, Singapore Airlines
Singapore’s Straits Times Index (FSSTI) rose 0.6 percent to 2,917.95 at the close, and was little changed for the week. More than three shares advanced for each that fell in the 30-member gauge.
The following were among the most active shares in the market. Stock symbols are in parentheses after company names.
Eu Yan Sang International Ltd. (EYSAN) , a retailer of traditional Chinese medicine, gained 2.2 percent to 68.5 Singapore cents after saying it’s in talks to buy the assets of Healthzone Ltd. in Australia for A$5 million ($5.3 million)
Frasers Commercial Trust (FCOT) , the owner of office buildings in Singapore, Australia and Japan, added 1.3 percent to 78.5 Singapore cents. The company said it’s in talks to buy the remaining 50 percent of the Caroline Chisholm Centre in Melbourne.
Oxley Holdings Ltd. (OHL) climbed 3 percent to 34 Singapore cents after the real estate company said second- quarter sales increased to S$38 million ($30.4 million) from S$6 million a year earlier.
Singapore Airlines Ltd. (SIA) , the world’s second- biggest carrier by market value, declined 3.6 percent to S$10.61, the biggest drop since Nov. 1. The company said third- quarter net income fell 53 percent to S$135 million, missing the S$162 million average of three analysts’ estimates compiled by Bloomberg.
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