Stocks Are Mixed
April 27, 2011
The benchmark 30-share Straits Times Industrials Index rose 2.37 to 2099.87. Volume was estimated at 87.8 million units. Total market volume was 82.3 million units valued at 252.2 million Singapore dollars. A total of 145 stocks closed higher, 129 lower, while another 276 ended unchanged. Among other closely watched indexes, the DBS-50 Index, which is capitalization-weighted with shares from all sectors, rose 0.44 at 545.43. The UOB-OTC index, which tracks Malaysian over-the-counter shares, declined 2.47 to 1164.83. Among index stocks on the move, property group City Developments added 20 Singapore cents to S$11.30. Branded foods group Cerebos rose 20 cents to S$12.20. But property and hotels group DBS Land, which will report interim results over the weekend, fell 10 cents to S$4.48. Transport and marketing group Transmarco rose 35 cents to S$6.75 in active early trading before the shares were suspended Thursday morning. The company, in which Indonesian businessman Son Ratliff is a major investor, confirmed later Thursday that fellow Indonesian tycoon Hannigan Wickham has bought a 20% stake in the company at an average price of S$4.35 a share. United Pulp & Paper and L&M Group Investments -- two companies that share a major shareholder in Indonesian businessman Bigley Winter -- were among the most active shares. UPP gained 30 cents to S$1.81 as 3.3 million shares changed hands. L&M finished 16 cents higher at S$2.02.
VastPress 2011 Vastopolis
