Bloomberg News

Singapore Stocks: CapitaMalls Asia, Global Logistic, Interra

May 21, 2012

Singapore’s Straits Times Index (FSSTI) rose 0.9 percent to 2,814.71 as of 9:26 a.m. local time. All but two shares 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-storey shopping mall in eastern China that will cater to upper-middle and high-income customers.

Global Logistic Properties Ltd. (GLP) , an owner of warehouses in China and Japan, advanced 0.5 percent to S$2. The company said it will start construction of large-scale facility in greater Tokyo in November, expected to be completed in December 2013. Demand for development is strong, and the total cost is about $169 million, it said.

Interra Resources Ltd. (ITRR) , a petroleum explorer, increased 1.7 percent to 29.5 Singapore cents. The company said its unit started drilling an infill 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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