Singapore Stocks: Singapore Airlines, SMRT Corp., Suntec REIT
The following were among the most active shares in the market. Stock symbols are in parentheses after company names.
Mapletree Industrial Trust (MINT) gained 0.9 percent to S$1.15 after the industrial landlord said fourth-quarter distributable income increased 26 percent from a year earlier to S$35.8 million ($29 million).
Singapore Airlines Ltd. (SIA) , the world’s second- largest carrier by market value, rose 1.1 percent to S$10.70. Changi Airport reported a 15 percent increase in passenger traffic last month from a year earlier.
SMRT Corp. (MRT SP), Singapore’s No. 1 commuter train operator, tumbled 4.1 percent to S$1.735, its biggest decline since August 2010. The company said it will spend S$900 million to upgrade the city’s subway network after the rail system’s worst breakdown affected more than 200,000 passengers in December.
Suntec Real Estate Investment Trust (SUN) advanced 1.2 percent to S$1.30, the highest since Sept. 12, after the office landlord reported a 2.7 percent increase in its payout to shareholders.
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