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Singapore’s Straits Times Index was little changed at 3,129.49 as of the 12:30 p.m. trading break. The gauge is set for its second straight weekly decline, trimming the month’s advance to 1%. Seven stocks fell for every six that rose on the 30-member gauge.
Shares on the measure trade at an average 15.3 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Shares on the measure trade at an average 15.3 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Eu Yan Sang International (EYSAN SP), a retailer of traditional Chinese medicine, advanced 2.2% to 91.5 cents. The company said first-quarter profit increased 14% to $4.1 million.
Genting Singapore Plc (GENS SP), owner of one of two casino resorts in the city-state, gained 0.9% to $2.18. RHB Capital Bhd raised its share-price forecast to $2.55 from $2.40 and maintained its “outperform” rating.
Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, slumped 5.3% to $2.51. The company said third-quarter fell 8.7% from a year earlier to 360 billion rupiah ($52.3 million).
Stats Chippac (STAT SP), the chip-testing and packaging company controlled by Temasek Holdings, declined 4.6% to 94 cents. The company said third- quarter profit fell to US$24.2 million ($31.4 million) from US$25.1 million a year earlier even as revenue increased 10.9%.