Singapore’s Straits Times Index dropped 0.2% to 3,190.92, its lowest since Oct. 29. Almost five stocks declined for every three that rose in the benchmark equity index of 30 companies.

Shares on the measure trade at an average 15.6 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. 

Palm-oil producers: Crude palm oil for February delivery dropped as much as 3.5% in Kuala Lumpur today.

 

Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, slipped 0.7% to 71.5 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, dropped 1.1% to $2.63.

 

Wilmar International (WIL SP): The world’s largest palm-oil trader fell 0.5% to $6.15. UBS AG lowered its share-price estimate to $7 from $8 and maintained its “buy” rating.

 

City Developments (CIT SP), Singapore’s second-biggest developer, declined 3.2% to $12.58. HSBC Holdings Plc rated the stock “underweight” with a share-price estimate of $12.60 in new coverage.

 

Ezra Holdings (EZRA SP), a provider of logistics services to the oil and gas industry, climbed 1.2% to $1.74. The company said it won ship charter deals valued at US$51 million ($66 million). Separately, the company said it will invest US$130 million to acquire four multipurpose platform supply vessels.

 

Global Logistic Properties (GLP SP), a logistics company whose customers include Wal-Mart China, Deutsche Post AG’s DHL and FedEx Corp., increased 1.8% to $2.26. Citigroup Inc. initiated coverage of the stock, with a “buy” rating and a share-price estimate of $2.78.