Bloomberg News

Singapore Stocks: Biosensors, CapitaLand, Lottvision, Yanlord

May 29, 2012

Singapore’s Straits Times Index (FSSTI) lost 0.4 percent to 2,790.30 as of 9:26 a.m. local time. About four shares fell for each that rose in the 30-member gauge.

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

Chinese developers: China has no plan to introduce stimulus measures to support growth on the scale unleashed during the depths of the global credit crisis in 2008 according to the nation’s state-run Xinhua News Agency.

CapitaLand Ltd. (CAPL) , Southeast Asia’s biggest developer that gets about 22 percent of sales from China, slipped 0.8 percent to S$2.48. Yanlord Land Group Ltd. (YLLG) , a Chinese real estate company, dropped 1.4 percent to S$1.045. GuocoLand Ltd. (GUOL SP), the homebuilder that counts China as its second-largest market, fell 0.9 percent to S$1.585.

Biosensors International Group Ltd. (BIG) added 0.8 percent to S$1.295 after the maker of drug-coated stents used to treat blocked arteries said fourth-quarter net income increased 49 percent from a year earlier to $27.2 million.

Lottvision Ltd. (LVIS) sank 6.3 percent to 1.5 Singapore cents after the maker of video surveillance equipment reported a full-year net loss of HK$81.8 million, compared with a loss of HK$62.8 million the previous year.

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net

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


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