Golden Agri, Rowsley, Mirach Energy outperform flat Singapore bourse
REUTERS - Singapore shares were slightly down by midday on Monday, with investors waiting for the minutes of the Federal Reserve's policy meeting, but Rowsley rose for the second day after a broker highlighted the potential upside for the stock.
The Straits Times Index was down 0.2 per cent at 3,192.25, while MSCI's broadest index of Asia-Pacific shares outside Japan was 0.5 per cent lower.
Shares of Golden Agri-Resources outperformed the market, rising as much as 2.9 per cent. The stock had wallowed at three-year lows after the company reported a 58 per cent fall in second-quarter net profit, hurt by lower palm oil prices.
Shares of Rowsley, Singapore billionaire Peter Lim's investment firm, rose as much as 4.4 per cent to $0.475. More than 27 million shares were traded, 1.4 times the average full-day volume over the past 30 days.