Bloomberg News

Singapore Stocks: CapitaMalls, Global Logistic, Interra

May 22, 2012

Singapore’s Straits Times Index (FSSTI) rose 1.2 percent to 2,814.71 at the close. All but three stocks gained in the 30-member gauge.

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

CapitaMalls Asia Ltd. (CMA) , a shopping mall developer, rose 1.1 percent to S$1.395. The company said it began development of a seven-story shopping mall in eastern China that will cater to high-end customers.

Global Logistic Properties Ltd. (GLP) , an owner of warehouses in China and Japan, fell 1 percent to S$1.97. The company said it will start construction of large-scale facility in greater Tokyo in November, expected to be completed in December 2013 at a total cost of about $169 million.

Interra Resources Ltd. (ITRR) , a petroleum explorer, increased 5.2 percent to 30.5 Singapore cents. The company said its unit started drilling a development well in Myanmar.

To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net.

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


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