Singapore’s Straits Times Index declined 0.5% to 3,163.53 at the close. Five stocks fell for every four that rose on the 30-member gauge.

Shares on the measure trade at an average 15.5 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

 

Developers: Singapore real-estate companies with projects in China declined after China’s economy grew at the slowest pace in a year.

 

CapitaLand (CAPL SP), Southeast Asia’s biggest developer that gets 26% of sales from China, dropped 1.2% to $3.98. Guocoland (GUOL SP), which counts China as its biggest market, slipped 0.8% to S$2.36.

Mapletree Industrial Trust (MINT SP), the industrial landlord controlled by Temasek Holdings, jumped 25% to $1.16 on its first trading. The company raised $938.5 million in an initial share sale, selling shares at 93 Singapore apiece.

 

Noble Group (NOBL SP), the Hong Kong-based commodities supplier that counts China’s sovereign wealth fund as a shareholder, increased 1.1% to $1.93. The company is offering the perpetual bonds to U.S. investors to yield about 8.5%, said a person familiar with the matter, who asked not to be identified because the details are private. The notes will be priced as soon as next week, the person said.

 

STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, slipped 1.8% to $14.34. The Baltic Dry Index, which measures the cost of shipping commodities, fell 0.6% in London yesterday, extending its decline to a fourth day.