Bloomberg News

Singapore Stocks: Hongkong Land Holdings, Wilmar International

January 01, 2012

Dec. 30 (Bloomberg) -- Singapore’s Straits Times Index lost 0.4 percent to 2,662.82 as of 3:07 p.m. local time, heading for an annual drop of 17 percent, its first annual decline since 2008. About twice as many stocks declined as gained in the 30- member gauge today.

The following were among the most active shares in the market. Stock symbols are in parentheses after the company names.

Hongkong Land Holdings Ltd. (HKL SP), a developer that gets 70 percent of its revenue from Hong Kong, Macau and mainland China, slid 0.7 percent to S$4.55. China Securities Journal reported more cities in China are extending property curbs into next year, citing Centaline Property Agency.

Wilmar International Ltd. (WIL SP), the world’s biggest palm-oil processor, advanced 1 percent to S$5.05. Palm oil for March delivery advanced as much as 0.8 percent on the Malaysia Derivatives Exchange today in Kuala Lumpur.

--Editor: Jim Powell.

To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net


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