Singapore’s Straits Times Index was little changed at 3,220.58 as of the 12:30 p.m. trading break. The gauge is headed for a 1.1% advance this week. About the same number of stocks rose and fell in the benchmark 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. 

Genting Singapore Plc (GENS SP), operator of one of two casino resorts in the city-state, sank 1.5% to $2.03. Daiwa Securities Group Inc. lowered its share-price forecast to $2.78 from $2.93, while maintaining its “buy” rating.

 

GuocoLand (GUOL SP), the developer controlled by Malaysian tycoon Quek Leng Chan, dropped 3.2% to $2.69. The company said second-quarter net income dropped 64% to $21.6 million from a year ago.

 

Longcheer Holdings (LHL SP), a China-based mobile phone designer, slumped 5.6% to 42 cents. The company said second-quarter profit tumbled 60% to 15.6 million yuan ($3.1 million) from a year ago.

 

Singapore Telecommunications (ST SP): Southeast Asia’s biggest phone company, gained 0.6% to $3.13. The stock was raised to “buy” from “hold” at BNP Paribas. The brokerage increased its share-price estimate to $3.75 from $3.15.

 

Stats Chippac (STAT SP), the chip-testing and packaging company controlled by Temasek Holdings, lost 1.7% to 87 cents. The company said its fourth- quarter net profit fell to US$19 million ($24.3 million) from US$33.8 million a year earlier.