Singapore’s Straits Times Index declined 0.2% to 3,156.67 as of 9:03 a.m. local time. Eleven stocks rose and 13 fell 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. 

 

Commodity suppliers: The Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, dropped 1.2% yesterday in New York.

 

Noble Group (NOBL SP), a Hong Kong-based commodities supplier, lost 1% to $1.91. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, slid 0.3% to $3.17.

 

CapitaMall Trust (CT SP), the shopping mall landlord partly owned by CapitaLand (CAPL SP), climbed 0.5% to $2.02. The company said third-quarter distributable income was $75.2 million, compared with $74.9 million.

 

Keppel Corp. (KEP SP), the world’s biggest builder of oil rigs, gained 0.3% to $9.74. The company said third- quarter profit increased 8.4% to $346.3 million from a year earlier. That beat the average estimate of $289.3 million in a Bloomberg News poll of three analysts.

 

Mermaid Maritime Pcl (MMT SP), the provider of drilling services to the oil and gas industry, jumped 4.4% to 47.5 cents. The company said it will place an order for two jack-up drilling rigs, valued at US$360 million ($468 million), with Keppel Corp. unit Keppel FELS Shipyard. There’s an option for another two rigs that could be worth more than US$700 million, it said.

Oversea-Chinese Banking Corp. (OCBC SP), Singapore’s smallest lender, slid 1% to $9.02. The bank said it completed the purchase of additional shares in China’s Bank of Ningbo Co. for 1.7 billion yuan, raising its stake in the Zhejiang-based lender to 13.7% from 10%.