Singapore’s Straits Times Index (FSSTI) was little changed at 3,101.82 as of the 12:30 p.m. trading. About the same number of stocks rose and fell in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.3 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. Stock symbols are in parentheses after the company name.
Kencana Agri Ltd. (KAGR) , the owner of plantations in Indonesia, increased 1.3 percent to 39 Singapore cents. First Resources Ltd. (FR) , an Indonesian palm-oil producer, gained 0.7 percent to S$1.45. Wilmar International Ltd. (WIL) , the world’s No. 1 palm-oil trader, added 0.4 percent to S$5.38.
Singapore Airlines Ltd. (SIA) , the world’s second- biggest airline by market value, rose 0.6 percent to S$14.08. UOB-Kay Hian Holdings Ltd. raised its rating on the stock to “buy” from “hold.”
STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, dropped 2.3 percent to S$8.56. The Baltic Dry Index, a measure of commodity shipping costs, fell 1.5 percent in London yesterday, extending its decline to a third day.
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