Singapore’s Straits Times Index gained 0.5% to 3,139.68 as of 9:12 a.m. local time. All but seven stocks in the benchmark index of 30 companies advanced.
Shares on the measure trade at an average 14.3 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 14.3 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.
Keppel Land (KPLD SP), the real-estate unit of Keppel Corp. (KEP SP), rose 1.4% to $4.42. The company said first-quarter profit rose 46% to $92.1 million and revenue more than tripled to $357.9 million.
Straits Asia Resources (SAR SP), the owner of coal mines in Indonesia, climbed 2.7% to $2.63. The company said first-quarter net income rose to US$41.4 million ($51.4 million) from US$11.2 million a year earlier.
United Overseas Bank (UOB SP): A unit of Singapore’s smallest lender by market value, gained 0.9% to $19.56. UOB’s Australian unit plans to sell three-year bonds in its first sale of Australian dollar-denominated debt. The benchmark- sized sale of senior unsecured notes will be priced by tomorrow, according to an e-mailed statement from Australia & New Zealand Banking Group, which is helping manage the sale.
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