Singapore’s Straits Times Index lost 0.1% to 2,919.37 at the close. Two stocks fell for each that rose on the 30-member gauge.

Shares on the measure trade at an average 14.1 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to Bloomberg data. The following shares were among the most active in the market. 

 

Genting Singapore Plc (GENS SP), the operator of one of two casino resorts in the city-state, advanced 2% to $1.55. UBS AG increased its share-price forecast to $2.02 from $1.52 and maintained its “buy” rating.

 

Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, gained 0.9% to 57.5 cents. Liberia has approved a US$1.6 billion ($2.17 billion) deal that will grant Golden Veroleum (Liberia) Inc., a unit of Golden Agri, a 500,000 acre (202,300 hectare) concession for cultivating palm oil, Presidential Press Secretary Cyrus Badio said.

 

Pine Agritech (PAG SP): The maker of soybean-based products in China advanced 8.3% to 19.5 cents. The company said its new shareholder, Link Crest, offered to buy the rest of the company it does not own for 20 cents a share.

 

Link Crest, which yesterday bought 25.4% of the company at the same price, received an undertaking from People’s Food Holdings (PFH SP), the biggest shareholder of the company with a 36.8% stake, to accept the offer, it said. People’s Food fell 2.2% to 66 cents.