China Fishery, Yanlord Land, STX Pan Ocean by Singapore Stocks: Singapore’s Straits Times Index gained 0.1 percent to 3,157.18 as of 9:12 a.m. local time. About the same number of stocks rose and fell in benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.4 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. Stock symbols are in parentheses after the company name.
Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, fell 1.4 percent in London on Dec. 17, extending its nine-day drop to 8.3 percent.
Cosco Corp. Singapore Ltd. (COS SP), a China-based shipbuilder that also operates bulk carriers, lost 0.5 percent to S$2.10. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, declined 3.4 percent to S$13.02.
China Animal Healthcare Ltd. (CAL SP), the Beijing-based manufacturer of veterinary drugs, gained 2.5 percent to 40.5 Singapore cents. The company said 58.94 percent of its shares were transferred to the Hong Kong share register from Singapore for its listing in the Chinese city.
China Fishery Group Ltd. (CFG SP), the fishing-fleet operator, rose 1.3 percent to S$2.29. The company said it’s planning to list 175 million shares on the Hong Kong stock exchange.
HLN Technologies Ltd. (HLNT SP), the maker of components used in the consumer electronics and automotive industries jumped 5.4 percent to 39 Singapore cents. The company said it agreed to buy 58 percent of Greatly Holdings Investment Ltd., a property developer in China, for S$14.5 million ($11 million).
Yanlord Land Group Ltd. (YLLG SP), a China-based developer, rose 0.6 percent to S$1.66. The company said it bought a residential site in Shenzhen, China, for 945 million yuan ($142 million).
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