SINGAPORE, Feb 19 (Reuters) - CapitaLand Ltd shares were
headed for their biggest daily fall in more than 4-1/2 months
after reporting disappointing quarterly earnings on Wednesday,
while the wider Singapore market outperformed a sluggish
performance in the rest of Asia.
Shares of CapitaLand fell 2 percent to an
intra-day low of S$2.88, marking their biggest daily decline
since Sept. 30, 2013 after the largest property developer in
Southeast Asia reported a 45.6 percent fall in fourth-quarter
The benchmark Straits Times Index rose though other Asian
share markets were stuck in hesitant mode as investors keep a
wary eye on interest rates in China.
The index rose 0.5 percent to 3,086.2 as of 0413 GMT,
heading towards its third consecutive day of gains, while MSCI's
broadest index of Asia-Pacific shares outside Japan
dropped 0.2 percent.
Commodity firms Olam International Ltd and Golden
Agri-Resources Ltd were among the top performers of
Shares of Olam International jumped 4.7 percent to an
intra-day high of S$1.67, their highest in six months, while
Golden Agri rose 2.8 percent to a high of S$0.55, its highest in
nearly six weeks.
Malaysian palm oil futures rose for a fifth straight session
on Tuesday, touching a one-and-a-half-year high due to firmer
comparative oils and expectations of rising demand, coupled with