Singapore’s Straits Times Index fell 0.5% to 2,961.72 as of 9:11 a.m. local time. More than twice as many stocks fell for each that advanced.

Shares on the measure trade at 14.9 times estimated earnings, compared with about 17.5 times at the beginning of the year, according to Bloomberg data.

Gross domestic product rose an annualized 17.2% in the first quarter from the previous three months, when it shrank 2.8%, according to the median estimate of 11 economists surveyed by Bloomberg news. The trade ministry will release the growth report at 8 a.m. tomorrow. The following shares are among the most active in the market. 

 

Commodity suppliers: The Reuters/Jefferies CRB Index, which tracks prices of 19 commodities including corn and copper, was little changed at 276.20 in New York yesterday.

 

Olam International, (OLAM SP), a supplier of agricultural commodities, slipped 1.1% to $2.72. Noble Group (NOBL SP), a Hong Kong-based commodity supplier, declined 1% to $3.14. Australian company Macarthur Coal (MCC AU) said in a letter to shareholders yesterday that it continues to recommend a deal that includes issuing shares to Noble Group.

 

Palm-oil suppliers: Crude palm oil for June delivery fell 2.3% in Kuala Lumpur yesterday. Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer, sank 1.6% to 60.5 cents. Wilmar International (WIL SP), the world’s biggest palm-oil trader, declined 0.9% to $6.93. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, slipped 0.8% to $2.54.

 

CSC Holdings (CSC SP) jumped 5.7% to 18.5 cents. The construction company said it won contracts worth US$50 million ($69.6 million) for foundation works, including on a Singaporean liquefied natural gas terminal.

 

CWT (CWT SP), a logistics services provider, dropped 4.6% to $1.04. The company was rated “underperform” in new coverage by CIMB-GK Securities Pte.

 

MobileOne (M1 SP), Singapore’s smallest mobile phone company, advanced 0.5% to $2.11. The company was rated “buy” in new coverage by UOB-Kay Hian Holdings.

 

Tiger Airways Holdings (TGR SP), the budget carrier partly owned by Singapore Airlines (SIA SP), sank 0.5% to $1.90. The airline had its stock rating cut to “equal-weight” from “overweight” at Morgan Stanley, which cited recent share-price gains. Singapore Air, the world’s second- biggest carrier by market value, sank 0.4% to $15.40.