Singapore’s Straits Times Index gained 0.3% to 3,237.76 as of the 12:30 p.m. trading break. Two stocks rose for each that fell 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.
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.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, gained 0.9% in New York yesterday, snapping two days of decline.
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, advanced 1.8% to $2.29. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, rose 0.9% to $3.24.
Amtek Engineering (AMTK SP), a supplier of precision components to companies such as Sony Corp., increased 1.6% to $1.31. DBS Group Holdings initiated coverage of the stock with a “buy” rating and a share-price forecast of $1.65.
Consciencefood Holdings (CSF SP), a maker of instant noodles, climbed 3.4% to 30.5 cents. The company said it installed new machinery that will boost its annual production capacity to 852 million packs of noodles from 741 million.
STX OSV Holdings (SOH SP), the world’s biggest maker of oil-rig support vessels by sales, jumped 3.5% to $1.19. CIMB Group Holdings initiated coverage of the stock with a “buy” rating and share-price forecast of $1.60.
Tiger Airways Holdings (TGR SP), the budget carrier backed by Singapore Airlines (SIA SP), gained 1.1% to $1.82. The company said it carried 5.76 million passengers in 2010, 32% more than in the previous year. The airline filled an average of 86% of available seats in the period, an increase from 84% the year before.
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