Singapore’s Straits Times Index dropped 0.2% to 2,913.94 at the close. 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. 

 

Palm oil suppliers: Crude palm oil for June delivery dropped as much as 1.4% in Kuala Lumpur today.

 

Golden Agri-Resources (GGR SP), the world’s second- biggest palm oil supplier, dropped 1.8% to 56 cents. Wilmar International (WIL SP), the world’s biggest palm oil trader, lost 0.3% to $6.62.

 

CapitaCommercial Trust (CCT SP), the office landlord partly owned by CapitaLand (CAPL SP), declined 3.5% to $1.09. 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 1% to $4.06.

 

CNA Group (CNA SP), the supplier of building- automation systems, jumped 4% to 39.5 cents. DMG & Partners Securities Pte raised its share-price forecast to 57 cents from 51 cents and maintained its “buy” rating on the stock.

 

Jardine Cycle & Carriage (JCNC SP), an automotive distributor that gets 89% of its sales in Indonesia, advanced 2.7% to $27.82. Goldman Sachs Group Inc. raised its share-price forecast by 7% to $30.60 and maintained its “neutral” rating on the stock. Jardine Strategic Holdings (JS SP), the biggest shareholder of Jardine Cycle, climbed 3.1% to US$20 ($27.9).