Singapore’s Straits Times Index slipped 0.5% to 2,794.04 as of the 12:30 p.m. trading break. Three stocks declined for each that gained on the 30-member gauge.

Shares on the measure trade at 17.1 times estimated earnings, compared with about 10 times at the start of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market.

Asia Tiger Group (ASTG SP), a maker of office equipment, rose 1.5% to 34.5 cents. The stock was rated “buy” with a share-price forecast of 43.5 cents in a new coverage at DMG & Partners Securities.

 

Auric Pacific Group (AP SP): The manufacturer of food and consumer goods declined 4.4% to 54 cents. Parkway Holdings (PWAY SP) said it sold its entire 27.5 million shares in Auric Pacific at a discounted price of 47 cents each, raising $12.9 million from the sale. Parkway dropped 2% to $2.89.

CapitaMalls Asia (CMA SP), the operator of shopping malls in China, India and Singapore, climbed 2.4% to $2.56. The newly-listed CapitaLand (CAPL SP) unit will be added to MSCI Inc’s indexes on Dec 10, MSCI said in statement on Nov 25.

 

Jardine Matheson Holdings (JM SP): The owner of car distibutors, real estate, supermarkets and hotels in Asia gained 1.1% to US$29.94 ($41.40). Goldman Sachs Group Inc. upgraded the stock to “neutral” from “sell” and raised its share-price forecast by 13% to US$31.30.

Pacific Healthcare Holdings (PACH SP), the operator of nursing homes and medical facilities, gained 5% to 10.5 cents. The company said it has agreed to sell 73 million shares, equivalent to a 26% stake in the company, to Kuwait Finance House’s Al-Faiz Fund for 11 cents a share, raising net proceeds of $7.9 million.

Swing Media Technology Group (SWM SP), a maker of data storage products, surged 20% to 6 cents. The company said Yorkville Advisors LLC’s YA Global Master SPV has agreed to invest $10 million in Swing Media.