Singapore’s Straits Times Index fell 0.2% to 2,973.70 as the 12:30 p.m. trading break. The measure is heading for a 1.1% decline this week, the biggest drop since the week ended Feb. 2. Almost five stocks dropped for every three that rose on the 30-member gauge.

Shares on the measure trade at 15 times estimated earnings, compared with about 17.5 times at the beginning of the year, according to Bloomberg data. The following shares were among the most active in the market.

 

Cheung Woh Technologies (CWM SP), a supplier of components for hard disk drives, climbed 3.4% to 46 cents. The company said it is proposing a one-for-five bonus share sale.

 

First Real Estate Investment Trust (FIRT SP), a health-care property trust, gained 0.6% to 87 cents. The company said it will distribute $5.2 million of its first- quarter income.

 

Frasers Commercial Trust (FCOT SP), the office landlord partly owned by Fraser & Neave (FNN SP), advanced 7.1% to 15 cents. The company said it will distribute $9.8 million of its second-quarter income to shareholders. That compares with $5.4 million a year ago.

 

Keppel Corp. (KEP SP), the world’s largest oil-rig maker, slipped 1.3% to $9.84. DMG & Partners Securities Pte downgraded the stock to “neutral” from “buy,” saying the company’s earnings may decline in the next three quarters. Keppel Corp. said yesterday net income climbed 13% in the first quarter to $322 million from a year earlier after higher profit at its property and offshore units helped counter a drop in revenue.

 

Singapore Exchange (SGX SP), operator of the derivatives and securities exchange in the city-state, gained 0.5% to $8.31. Daiwa Capital Markets upgraded the stock to “outperform” from “underperform.”

 

Yanlord Land Group (YLLG SP), a Chinese homebuilder, dropped 1.2% to $1.72. DBS Group Holdings downgraded the stock to “hold” from “buy.”