Singapore Stocks: CapitaLand, Frasers Centrepoint, Jadason, QAF
Singapore’s Straits Times Index (FSSTI) added 0.3 percent to 2,972.03 as of 12:25 p.m. local time. Almost three shares rose for each that fell on the 30-member gauge.
The following were among the most active shares in the market. Stock symbols are in parentheses after company names.
China developers: Shares of real-estate companies that do business in the world’s second-largest economy advanced after Shanghai Securities News reported the government may take measures to stimulate demand for owner-occupied homes.
CapitaLand Ltd. (CAPL) , Southeast Asia’s biggest developer that gets about 22 percent of sales from China, rose 1 percent to S$2.94. Yanlord Land Group Ltd. (YLLG) , a Chinese homebuilder, advanced 1.2 percent to S$1.22.
Frasers Centrepoint Trust (FCT) increased 1.3 percent to S$1.58 after the shopping-mall operator reported second-quarter distributable income climbed 31 percent from a year earlier to S$21.3 million.
Jadason Enterprises Ltd. (JAD) sank 6.5 percent to 7.2 Singapore cents after the supplier of equipment to the semiconductor industry said it may post a first-quarter loss on lower demand.
QAF Ltd. (QAF) dropped 1.3 percent to 74 Singapore cents after the baker and owner of supermarkets reported first-quarter net income tumbled 64 percent from a year earlier S$10 million.
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