Singapore’s Straits Times Index declined 1% to 3,229.27 at the close, the biggest drop since Nov. 23. Eight stocks fell for each that rose in the benchmark equity index of 30 companies.

Shares on the measure trade at an average 14.7 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

 

Palm-oil producers: Crude palm-oil futures for March delivery dropped for a second day in Kuala Lumpur today.

 

Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, slipped 2.1% to $2.74. Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer sank 3.1% to 77.5 cents. Wilmar International (WIL SP), the world’s biggest palm-oil trader, lost 0.2% to $5.69.

 

Bukit Sembawang Estates (BS SP), a Singapore-based property developer, advanced 1.9% to $4.86. CIMB Group Holdings raised its recommendation to “outperform” from “underperform.”

 

ComfortDelGro Corp. (CD SP), the biggest operator of taxis and buses in Singapore, jumped 2.5% to $1.63. BNP Paribas raised its rating on the stock to “buy” from “hold” and increased its share-price estimate to $1.98 from $1.63.

 

Neptune Orient Lines (NOL SP), the container carrier that gets more than half of its revenue from the Americas, declined 3% to $2.27. A government report released on Jan. 7 showed U.S. payrolls increased by 103,000, about two- thirds of the median estimate in a Bloomberg survey of economists.