Singapore’s Straits Times Index was little changed at 2,816.01 as of 9:45 a.m. local time. Four stocks fell for every three that rose on the 30-member gauge.

Shares on the measure trade at 13.9 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. 

 

Oil-rig builders: Shares of the world’s biggest oil-rig builders advanced after crude oil rose above US$75 a barrel in New York yesterday on speculation demand will increase after European industrial production climbed more than economist forecast in April.

 

Keppel Corp. (KEP SP), the world’s biggest oil-rig builder, rose 0.6% to $8.52. Sembcorp Marine (SMM SP), the second-biggest, gained 0.3% to $3.81.

 

BBR Holdings (Singapore) (BBR SP), a construction company, gained 4.7% to 22.5 cents. The company said its Singapore Piling & Civil Engineering unit won a $4.9 million contract to undertake piling works for a residential condominium project in Singapore.

 

Suntec Real Estate Investment Trust (SUN SP), the property trust partly owned by Hong Kong billionaire Li Ka-shing, climbed 1.5% to $1.33. OCBC Investment Research reiterated its “buy” rating and share-price forecast of $1.44, saying the opening of a new commuter train line will boost traffic to Suntec’s retail malls.