Bloomberg News

Singapore Equities: ASL Marine, Singapore Air, Wilmar

May 17, 2012

Singapore’s Straits Times Index (FSSTI) fell 0.3 percent to 2,822.61 at the close. About three stocks declined for each two that gained.

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

Singapore’s economy expanded an annualized 10 percent in the three months through March 31 from the previous quarter, beating economists’ estimates.

CapitaMall Trust (CT) , an operator of shopping centers in the city-state, climbed 1.4 percent to S$1.78. StarHub Ltd. (STH) , a cable television and residential-broadband network operator, gained 2.8 percent to S$3.27.

Juken Technology Ltd. (JUKEN SP), a supplier of plastic components for the electronics industry, jumped 4.9 percent to 17.2 Singapore cents after getting a takeover bid from Frencken Group.

Radiance Group Ltd. (RAD SP), a provider of electronics manufacturing services, sank 5.3 percent to 8.9 Singapore cents after announcing the acquisition of Global Invacom Holdings Ltd. for $49 million.

STX OSV Holdings Ltd. (SOH SP) declined 3.7 percent to S$1.58 on speculation the sale of the maker of oil-rig support vessels may be delayed.

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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