Singapore’s Straits Times Index was little changed at 2,744.14 as of 9:47 a.m., erasing gains of as much as 0.4% earlier. Seven stocks advanced for every six that declined.
Stocks on the measure trade at 14.6 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg.
The following shares were among the most active in the market. Stock symbols are in parentheses after company names.
CapitaLand (CAPL SP), Southeast Asia’s biggest developer, added 0.3% to $3.76. The company said 95% of the units at its Beaufort condominium project in Beijing have been sold since the properties were first offered in late January. Total sales value amounts to more than 800 million yuan ($166 million), it said.
