Bloomberg News

Singapore Stocks: China Fishery, Noble Group, Qian Hu, SMRT

January 12, 2012

Jan. 12 (Bloomberg) -- Singapore’s Straits Times Index gained 0.2 percent to 2,751.27 as of 11:25 a.m. local time. About the same number of stocks rose and fell 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, 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 SP), a Hong Kong-based commodities supplier, fell 0.9 percent to S$1.11. Olam International Ltd. (OLAM SP), a Singapore-based trader of agricultural commodities, declined 1.3 percent to S$2.24.

China Fishery Group Ltd. (CFG SP) dropped 2.1 percent to 94 Singapore cents after the fishing-fleet operator canceled plans to list in Hong Kong due to adverse market conditions.

Qian Hu Corp. (QIAN SP), a supplier of ornamental fish, gained 5.6 percent to 9.5 Singapore cents after saying fourth- quarter profit climbed 40 percent from a year earlier.

SMRT Corp. (MRT SP), Singapore’s biggest commuter-train operator, slid 0.9 percent to S$1.745. HSBC Holdings Plc cut its rating to “underweight” from “neutral.”

--Editor: Jim Powell

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net

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


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