Singapore’s Straits Times Index dropped 0.3% to 3,150.30 at the 12:30 p.m. trading break. About two stocks declined for each that rose in the benchmark equity index of 30 companies.

Shares on the measure trade at an average 15.3 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.

Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, fell 1.4% in London on Nov. 26, extending its two-day decline to 1.9%.

 

Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, slipped 1.5% to $2.03. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, lost 1.2% to $13.74.

 

Asiatravel.com Holdings (AST SP), a provider of online hotel and travel reservations slumped 6.7% to 42 cents, headed for its biggest decline since May 7, 2009. The company said full-year net income slumped 71% to $1.63 million from the year before even as revenue increased 16.8%.

 

Mermaid Maritime Pcl (MMT SP), a provider of drilling services to the oil and gas industry, declined 3.5% to 42 cents. The company had a full-year net loss of 465 million baht ($20.3 million), compared with a net profit of 714.5 million baht a year earlier.