Bloomberg News

Singapore Equities: ASL Marine, Singapore Air, Wilmar

April 17, 2012

Singapore’s Straits Times Index (FSSTI) fell 0.2 percent to 2,986.59 at the close. Five stocks dropped for every four that gained.

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

Palm-oil producers: Crude palm-oil futures for July delivery slid 0.3 percent in Kuala Lumpur yesterday, falling for a third day. Wilmar International Ltd. (WIL) , the world’s biggest palm-oil trader, fell 0.4 percent to S$4.83.

ASL Marine Holdings Ltd. (ASL) soared 4.3 percent to 61 Singapore cents. The shipbuilder won contracts worth S$132.5 million ($106 million), boosting its order book this financial year to S$454.5 million, according to a statement.

M1 Ltd. (M1) (M1 SP), a data-communications provider, rose 0.4 percent to S$2.45. The company said its operating revenue for the first quarter increased to S$262.5 million from S$257.6 million from a year earlier.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net

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


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