Bloomberg News

Singapore Stocks: CapitaMall, Neptune Orient, Sembcorp Marine

March 13, 2012

Singapore’s Straits Times Index (FSSTI) rose 0.9 percent to 2,989.07 at the close, with all but eight stocks gaining in the 30-member gauge.

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

CapitaMall Trust (CT) , a shopping mall operator partly owned by CapitaLand, dropped 0.5 percent to S$1.835 after pricing $400 million of 3.731 percent fixed-rate notes due in 2018.

Golden Agri-Resources Ltd. (GGR) , the largest grower of oil palms in Indonesia, fell 2 percent to 72.5 Singapore cents. Crude palm-oil futures slipped 0.6 percent yesterday in Kuala Lumpur, the first decline in four days.

Neptune Orient Lines Ltd. (NOL) (NOL SP), Southeast Asia’s biggest container carrier, gained 0.7 percent to S$1.395 after the Baltic Dry Index, a gauge of cargo rates, rose for a 13th day, its longest winning streak since August 2010.

Sembcorp Marine Ltd. (SMM) , the world’s second-biggest builder of oil rigs, rose 1.7 percent to S$5.25 after announcing it had won a $385.5 million contract from Helix Energy Solutions Group.

To contact the reporter on this story: Jason Clenfield in Tokyo at jclenfield@bloomberg.net

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


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