Bloomberg News

Singapore Equities: Golden Agri, GP Batteries, Tiger Air

May 21, 2012

Singapore’s Straits Times Index (FSSTI) rose 0.4 percent to 2,790.16 as of the close, with more than three shares rising for each that fell.

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

Golden Agri-Resources Ltd. (GGR) , the largest grower of oil palms in Indonesia, increased 0.8 percent to 64 Singapore cents after crude palm oil futures for August delivery gained for a second day in Kuala Lumpur.

GP Batteries International Ltd. (GP) rose 0.2 percent to S$1.01. GP Battery Technology Ltd., a wholly owned unit of the battery company, will buy the remaining 20 percent stake in GP Batteries Europe BV from minority shareholders, according to a statement.

Tiger Airways Holdings Ltd. (TGR) closed unchanged at 64 Singapore cents after the carrier reported a fourth-quarter loss of S$16.4 million after earning a S$1.4 million profit in the year-earlier period.

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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