Singapore index falls 0.8% by midday, Interra outperforms
REUTERS - Singapore shares fell on Wednesday, but oil and gas exploration firm Interra Resources outperformed the market after announcing a deal to acquire an oil field in Indonesia's South Sumatra.
The Straits Times Index was down 0.8 per cent, while MSCI's broadest index of Asia-Pacific shares outside Japan was flat.
The biggest decliners on the index were beer and soft drinks company Thai Beverage and warehouse operator Global Logistic Properties, which fell more than 2 per cent each.
Interra shares rose as much as 5.4 per cent to $0.485, their highest since Aug. 20. More than 11 million shares were traded, 2.9 times the average full-day volume over the past 30 days.