Bloomberg News

Singapore Stocks: Olam, Noble, Bumitama, IEV Holdings

April 16, 2012

Singapore’s Straits Times Index (FSSTI) rose 0.1 percent to 2,992.12 at the close in Singapore. An equal number of stocks rose as fell on the 30-member gauge.

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

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index (CRY), which tracks 19 commodities ranging from copper to corn, fell 0.9 percent on April 13, snapping a two-day gain. Noble Group Ltd. (NOBL) , Asia’s biggest listed commodities trader, lost 0.8 percent to S$1.30. Olam International Ltd. (OLAM) , a Singapore-based supplier of agricultural commodities, slid 0.4 percent to S$2.31.

CPH Ltd. (CPH) , a maker of printed circuit boards, plunged 7.7 percent to 1.2 Singapore cents, after posting a net loss for the year ended March 2012.

Memtech International Ltd. (MTEC) , a supplier of rubber and plastic keypads used in mobile phones and automobiles, sank 12 percent to 8.8 Singapore cents, after posting a loss for the quarter ended March 2012 on lower demand for mobile phone keypads.

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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