Jan. 16 (Bloomberg) -- Singapore’s Straits Times Index dropped 1 percent to 2,762.40 as of 10:07 a.m. local time. All except one share declined in 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: Real-estate companies that receive revenue from projects in China fell amid signs growth in the world’s second-largest economy is slowing. China’s economy probably grew the least in 10 quarters in the last three months of 2011, according to the median estimate of 26 economists surveyed by Bloomberg News. The data, along with indicators for investment, retail sales and industrial production, are scheduled for release tomorrow in Beijing.
CapitaLand Ltd. (CAPL SP), which gets about 21 percent of sales from China, slipped 1.7 percent to S$2.36. Yanlord Land Group Ltd. (YLLG SP), a China-based real-estate company, fell 1.4 percent to S$1.045.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks 19 commodities ranging from copper to corn, fell 0.7 percent in New York on Jan. 13, extending its declined for a third day.
Noble Group Ltd. (NOBL SP), a Hong Kong-based commodities supplier, slipped 0.9 percent to S$1.12. Olam International Ltd. (OLAM SP), a Singapore-based trader of agricultural commodities, lost 0.5 percent to S$2.23.
Singapore Exchange Ltd. (SGX SP), operator of Southeast Asia’s biggest bourse, dropped 1.1 percent to S$6.17 ahead of the announcement of its second-quarter results after the market closes today. The company’s net profit fell to S$61.4 million ($47.5 million) in the three months ended December, according to the average estimate of five analysts in a Bloomberg survey. That compares with S$74.2 million a year earlier.
--Editor: John McCluskey
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