Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Noble Group share plunge to CapitaLand profit surge, get your daily dose of all the latest in the world of business right here.

  • Singapore stocks fell on Thursday, in line with weak Asian shares as investors took a pause after equities surged to the highest level in almost 10 years.
  • The Straits Times Index lost 0.18 percent or 6 points to end at 3,342.
  • Shares of Singapore-listed commodity trader Noble Group tumbled 5 percent after anonymous researcher Iceberg Research launched another negative report about the company.
  • Telecoms service provider StarHub fell 1.1 percent after reporting a 21 percent fall in second-quarter net profit, hurt by lower revenue from voice, roaming services and pay TV.
  • Realty company CapitaLand reported a 97 percent surge in second-quarter profit, helped by higher revaluation gains from investment properties in Singapore and China, coupled with portfolio gains. Its shares fell 0.5 percent.
  • Utility services provider Sembcorp Industries said net profit fell 36.1 percent in the second-quarter, hurt by weak performance of its marine business.
  • Food and beverage maker BreadTalk Group reported a near 62 percent jump in second-quarter profit powered by an increase in other income and reduced expenses. The stock was down 3.6 percent.
  • Far East Orchard, a diversified real estate developer, fell 1 percent after posting a 97.3 percent slump in second-quarter profit due to the absence of a one-time gain from sale of units and lower profits from the hospitality assets in Australia.