Singapore’s Straits Times Index fell 0.2% to 3,176.91 at the close. Almost the same number of stocks rose as declined in 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. 

 

City Developments (CIT SP), Singapore’s second-biggest developer, advanced 1.1% to $12.96. Royal Bank of Scotland Group Plc raised its recommendation on the stock to “hold” from “sell.”

 

Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, climbed 1.9% to 79 cents. OCBC Investment Research raised its recommendation on the stocks to “buy” from “hold,” saying the company will benefit from rising crude-palm-oil prices.

 

M1 (M1 SP), Singapore’s smallest-listed phone company, increased 1.3% to $2.38. UOB-Kay Hian Holdings maintained its “buy” rating on the stock, saying the company is likely to declare a special dividend when it announces full- year earnings next month.

 

Sinomem Technology (SINO SP), the maker of filtration membranes used in the pharmaceutical, food and water treatment industries, jumped 4.2% to 50 cents. The company said it’s planning to list unit China Green Holdings on Singapore’s Catalist board. China Green will acquire the entire business of Rosin Chemical, a wholly-owned Sinomem subsidiary that manufactures pine oleoresin, a raw material used in making paints and adhesives.

 

Stats Chippac (STAT SP), a Singapore-based provider of semiconductor test and assembly services, gained 2.3% to 90.5 cents. The company said its flip-chip business increased more than 50% this year compared to 2009.