The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index added 0.3% to 2,805.50.
US stocks fell last night after disappointing corporate news from 3M Co and McDonald’s, while negative developments in global credit markets caused a shift to safe-haven assets.
Bulk carriers: The Baltic Dry Index, which measures the cost of shipping commodities, dropped 3.3% in London yesterday, taking losses in the past two days to 5%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, added 0.9% to $1.08. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, was unchanged at 31 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, lost 0.6% to $13.62.
