Singapore’s Straits Times Index fell 0.5% to 3,173.40 as of the 12:30 p.m. trading break. Almost six stocks dropped for each that rose in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.5 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Shares on the measure trade at an average 14.5 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Palm-oil producers: Crude palm-oil futures for July delivery dropped as much as 1.7% in Kuala Lumpur today, heading for a second day of decline.
Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, decreased 0.7% to 67 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s No. 1 noodle maker, declined 1.4% to $2.14. Wilmar International (WIL SP), the world’s largest palm-oil trader, lost 0.6% to $5.28.
Kreuz Holdings (KRZ SP), a provider of engineering services to the oil and gas industry, gained 1.2% to 41.5 cents. The company said it has won contracts worth about US$24.8 million ($30.7 million).
STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, dropped 2.9% to $10.02. The Baltic Dry Index, a measure of commodity-shipping costs, fell 0.6% in London yesterday, extending its decline to 18 days.
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