Singapore’s Straits Times Index dropped 0.2% to 2,913.24 as of 11:10 a.m. local time. Almost two stocks fell for each that rose on the 30-member gauge.

Shares on the measure trade at 15.2 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.

Commodity suppliers: The Reuters/Jefferies CRB Index, which tracks price of 19 commodities including corn and copper, gained 1% yesterday in New York, taking its two-day advance to 2%.

 

Noble Group (NOBL SP), a Hong Kong-based supplier of commodities, rose 0.3% to S$3.42. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, climbed 1.5% to $2.63.

 

CapitaCommercial Trust (CCT SP), the office landlord partly owned by CapitaLand (CAPL SP), declined 2.7% to $1.10. The company sold $225 million of five- year, 2.7% convertible bonds with a conversion premium of 20%, according to a sale document. The deal may be increased by a further $25 million, according to the document. CapitaLand lost 0.5% to $4.08.

 

Jardine Cycle & Carriage (JCNC SP), the automotive distributor that gets 89% of its sales in Indonesia, jumped 2% to $27.64, the biggest advance on the benchmark index.

Goldman Sachs Group Inc. raised its share-price forecast by 7% to $30.60 and maintained its “neutral” rating on the stock.