Singapore’s Straits Times Index was little changed at 3,176.97 as of 9:31 a.m. local time. About the same number of stock rose as fell in benchmark equity index of 30 companies.

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. Stock symbols are in parentheses after the company name.

Ezra Holdings (EZRA SP), a provider of logistics services to the oil and gas industry, increased 3% to $1.72. DMG & Partners Securities Pte reiterated its “buy” rating on the stock, saying the two vessels the company is adding to its fleet next month will boost earnings.

Singapore Airlines (SIA SP), the world’s second-biggest carrier by market value, slid 0.9% to $15.64. Airlines globally may post a 40% decline in combined profits next year on slower economic growth, higher fuel costs and austerity measures in Europe that may dampen demand, the International Air Transport Association said.

Singapore Exchange (SGX SP), operator of the city’s securities and derivatives exchange, climbed 1% to $8.49. The Australian Competition and Consumer Commission said it won’t oppose the proposed acquisition of ASX, operator of the nation’s main bourse, by Singapore Exchange.

STX OSV Holdings (SOH SP), the world’s biggest maker of oil-rig support vessels by sales, surged 7.8% to $1.10, headed for its highest close since it started trading on Nov 12. Goldman Sachs Group Inc. initiated coverage of the stock with a “buy” rating and a share-price forecast of $1.54.