Bloomberg News

Singapore Stocks: Intraco, Noble, Olam, SingXpress Land

May 31, 2012

Singapore’s Straits Times Index (FSSTI) dropped 0.4 percent to 2,772.54 at the close. More than two shares declined 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.

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index (CRY), which tracks 19 commodities ranging from copper to corn, fell 1.7 percent in New York yesterday, extending losses for a second day.

Noble Group Ltd. (NOBL) , Asia’s biggest listed commodities trader, decreased 1.3 percent to S$1.115. Olam International Ltd. (OLAM) , a Singapore-based supplier of agricultural commodities, slipped 0.6 percent to S$1.665.

Intraco Ltd. (INTR) , a commodities trader and supplier of semiconductors, jumped 52 percent to 45.5 Singapore cents after saying controlling shareholder Hanwell Holdings Ltd. agreed to sell 29.9 percent of the company to TH Investment Pte for about S$18.3 million ($14.2 million), or 62 Singapore cents a share.

SingXpress Land Ltd. (SINX) fell 6.7 percent to 1.4 Singapore cents after the real estate company said it will sell 243 million new shares at 1.26 Singapore cents each, raising proceeds of about S$3 million.

To contact the reporter on this story: Jonathan Burgos in Singapore at

To contact the editor responsible for this story: Nick Gentle at

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