Singapore’s Straits Times Index fell 0.8% to 3,011.42 at the close. Seven stocks dropped for each that rose on the 30-member gauge.

Shares on the measure trade at an average 14.6 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. 

 

BH Global Marine (BHGM SP), a supplier of equipment to the shipping and ship repair industry, climbed 3.1% to 33 cents, the biggest advance since July 29. The company said it has received approvals from the Taiwan Stock Exchange and the Taiwan Central Bank for the offering and listing of Taiwan depository receipts.

 

DBS Group Holdings (DBS SP), Southeast Asia’s biggest lender, lost 1% to $14.12. The company sold US$1 billion ($1.34 billion) of bonds maturing in 2015, the company said in a statement to the Singapore exchange yesterday. The debt will carry a semi- annual coupon of 2.375% and the proceeds will be used for general business purposes, it said.

 

Goodpack (GPACK SP), a supplier of intermediate bulk containers used to transport commodities such as rubber, coffee and chestnuts, gained 1.1% to $1.88. The company was raised to ”outperform” from ”neutral” CIMB-GK Securities analyst Kenneth Ng.

 

Overseas Union Enterprise (OUE SP), the Singapore- based shopping center operator, rose 2.9% to $2.83. The company was rated “outperform” in new coverage at Credit Suisse Group AG, which cited the outlook for earnings from the company’s redevelopment initiatives, acquisitions and growth.

 

Tricia Song, a Singapore-based analyst at Credit Suisse, has a share-price estimate of $3.61 for Overseas Union Enterprise.

 

Singapore Telecommunications (ST SP) slid 0.3% to $3.09. SingTel Optus Pty (CWO AU), a unit of Southeast Asia’s biggest phone operator, was sued by the Australian Competition and Consumer Commission for misleading Australians with advertisements touting the company’s broadband speeds and data plans.