Singapore’s Straits Times Index lost 0.2% to 3,028.37 as of 9:31 a.m. About two stocks declined for each that rose in the benchmark index of 30 companies.
Shares on the measure trade at an average 13.9 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 0.2% in New York yesterday, extending its advance for a sixth day.
Noble Group (NOBL SP), a Hong Kong-based supplier of commodities, increased 0.5% to $2.12. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, climbed 2.9% to $2.84.
Eratat Lifestyle (ERAT SP), a China-based maker of athletic shoes and apparel, gained 2.4% to 21 cents. The company said it won an order worth 40 million yuan ($7.7 million) from a trade exhibit last month.
UMS Holdings (UMSH SP), a supplier of equipment for disk-drive and computer-chip makers, advanced 2.6% to 59.5 cents. The company said it received in-principle approval from the Singapore Exchange to list in South Korea.
