STI gains 0.3% to 3,008.79 as of 11:35 a.m.

Singapore’s Straits Times Index added 0.3% to 3,008.79 as of 11:35 a.m. Almost four shares advanced for each that fell in the 30-member gauge.

The following were among the most active shares in the market, said Bloomberg:

ComfortDelgro Corp., Singapore’s biggest operator of buses and taxis, gained 0.3% to $1.51. The government will help public transport operators increase their bus fleets by 20% over the next five years by funding the cost of 550 such vehicles, Finance Minister Tharman Shanmugaratnam said last week.

Keppel Corp., the world’s biggest oil-rig builder, advanced 1.5% to $10.93 after selling 39 of its Floatel International unit for 776.7 million Norwegian krone ($172 million). Following the sale, Keppel’s stake in Floatel has been reduced to 47% from 86%.

Oversea-Chinese Banking Corp. added 0.7% to $8.91 after Southeast Asia’s second-largest bank said fourth-quarter profit rose 18% from a year earlier to to $594 million. That beat the $574.3 million average of eight analysts’ estimates compiled by Bloomberg.

Neptune Orient Lines climbed 3.1% to $1.49, tracking a regional advance by container-shipping lines. Hong Kong-listed Orient Overseas International said it will raise rates on routes from Northern Europe to Asia and Maersk Line, the world’s No. 1 container carrier, said it will cut capacity by 9% in Asia-Europe routes to shore up profit.

Sakari Resources, the owner of coal mines in Indonesia, rose 1.2% to $2.56. UBS AG named the stock is top pick among Indonesian coal producers, saying profit margins and volumes could improve this year as Sakari starts production in its Sebuku mine.