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.
The offering, due in 2018, was increased from an initial
DFM Index Inches Down in the Early Trade
The DFM General Index inched down to drop 0.98 percent during the first couple of hours trading on Sunday 26th May 2013. The index spending most of the session below the break even line trimmed 22.56