Jan. 21 (Bloomberg) -- Singapore’s Straits Times Index fell 0.7 percent to 3,184.60 at the close. Three stocks declined for each that rose in the benchmark index.
Shares on the measure trade at an average 14.6 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.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, gained fell 0.5 percent in New York yesterday.
Noble Group Ltd. (NOBL SP), a Hong Kong-based commodities supplier, dropped 3.1 percent to S$2.20. Olam International Ltd. (OLAM SP), a Singapore-based supplier of agricultural commodities, slipped 1.6 percent to S$3.11.
Oil-rig builders: Shares of the world’s biggest builders of oil exploration rigs fell as crude oil futures headed for their third weekly decline in a month. China’s inflation data fanned speculation the world’s biggest energy consumer will take steps to cool its economy and U.S. crude supplies unexpectedly rose.
Keppel Corp. (KEP SP) declined 1.2 percent to S$11.36. Sembcorp Marine Ltd. (SMM SP) lost 0.6 percent to S$5.25.
First Resources Ltd. (FR SP), an Indonesian palm-oil producer, decreased 2.8 percent to S$1.41. DBS Group Holdings Ltd. said it lowered its share-price forecast to S$1.55 from S$1.70 and maintained its “hold” rating on the stock.
Golden Agri-Resources Ltd. (GGR SP), the world’s second-biggest palm-oil producer, decreased 4.1 percent to 71 Singapore cents. Daiwa Securities Group Inc. cut its recommendation on the stocks to “outperform” from “buy.”
Mapletree Logistics Trust (MLT SP), a Singapore-based industrial landlord, rose 1.5 percent to 99.5 Singapore cents. The company said it will distribute S$36.8 million of its fourth-quarter income, compared with S$31.8 million a year ago.
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