STI loses 0.3% to 2,773.53 at 10:23 a.m.

Singapore’s Straits Times Index lost 0.3% to 2,773.53 as of 10:23 a.m. local time. Three stocks fell for each that rose in the index of 30 companies. The following shares were among the most active in the market.

 

Commodity suppliers: The International Monetary Fund said commodity prices will decline in the second half of this year and in 2012 on bigger harvests of food crops and as slower economic growth weighs on demand for base metals.

 

Noble Group (NOBL SP), a Hong Kong-based supplier of energy, food and mining commodities, dropped 0.3% to S$1.575. Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer by sales, sank 1.4% to 68.5 cents. Wilmar International (WIL SP), the world’s largest palm-oil processor, fell 0.2% to $5.21.

 

G.K. Goh Holdings (GKG SP), a provider of financial services, climbed 4.7% to 67.5 cents. The company said it agreed to sell its property near the central business district for $32.8 million.

 

Jardine Cycle & Carriage (JCNC SP), a motor distributor that gets about 89% sales from Indonesia, lost 1.2% to $41.19. PT Astra International (ASII IJ), which is 50.1% owned by Jardine Cycle & Carriage, said Indonesia’s domestic vehicle sales declined to 73,279 units in August from 89,056 units in July.