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Singapore’s Straits Times Index was little changed at 3,160.36 as of the 12:30 p.m. midday trading break. About as many stocks fell as rose among the benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.4 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 suppliers: Crude palm-oil futures for February delivery fell as much as 1.3% on the Malaysia Derivatives Exchange. The commodity, down 1.7% this week, had gained for the 11 weeks to Nov. 12 on increasing demand.
First Resources (FR SP), an Indonesian palm-oil producer, slid 0.7% to $1.4. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, dropped 1.5% to $2.71 Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer, retreated 1.4% to 73 cents.
Keppel Corp. (KEP SP), the world’s biggest builder of oil rigs, gained 0.9% to $10.88. Unit Keppel FELS said that Standard Drilling placed a $180 million ($236 million) order for a jackup rig. Standard Drilling also holds options for two additional rigs, the statement said.
Midas Holdings (MIDAS SP), the maker of aluminum alloy profiles used in train carriages, rose 1.6% to 95 cents. The company said it plans to set up a new plant in China.
