Bloomberg News

Singapore Stocks Decline: CapitaLand, Noble Group, Olam

June 04, 2012

Singapore’s Straits Times Index (FSSTI) fell 1.7 percent to 2,698.90 at the close, with all but one share dropping 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 on June 1.

Noble Group Ltd. (NOBL) , a commodities trader specializing in agricultural, industrial and energy sectors, decreased 2.3 percent to S$1.065. Olam International Ltd. (OLAM SP), a Singapore-based supplier of agricultural commodities, slipped 5 percent to S$1.53.

CapitaLand Ltd. (CAPL) dropped 1.2 percent to S$2.47. The company announced divestment of its unit Citadines Ashley Hongkong, a serviced residence property in Hong Kong, for HK$311 million ($40 million).

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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