27/04/2011 (Bloomberg) - Singapore’s Straits Times Index (FSSTI) fell 0.5 percent to 3,173.40 as of the 12:30 p.m. trading break. Almost six stocks dropped for each that rose in the benchmark index of 30 companies.

Shares on the measure trade at an average 14.5 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. Stock symbols are in parentheses after the company name.

Palm-oil producers: Crude palm-oil futures for July delivery dropped as much as 1.7 percent in Kuala Lumpur today, heading for a second day of decline.

Golden Agri-Resources Ltd. (GGR) , the world’s second- biggest palm-oil producer, decreased 0.7 percent to 67 Singapore cents. Indofood Agri Resources Ltd. (IFAR) , the palm-oil unit of Indonesia’s No. 1 noodle maker, declined 1.4 percent to S$2.14. Wilmar International Ltd. (WIL) , the world’s largest palm-oil trader, lost 0.6 percent to S$5.28.

Kreuz Holdings Ltd. (KRZ) , a provider of engineering services to the oil and gas industry, gained 1.2 percent to 41.5 Singapore cents. The company said it has won contracts worth about $24.8 million.

STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, dropped 2.9 percent to S$10.02. The Baltic Dry Index, a measure of commodity-shipping costs, fell 0.6 percent in London yesterday, extending its decline to 18 days.