Singapore’s Straits Times Index gained 0.5% to 3,159.36 as of the close of trading. About nine stocks advanced for each one that fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.4 times estimated earnings, compared with about 17.4 times at the beginning of the year, 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.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, gained 0.4% in New York on Dec. 23.
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, rose 1% to US$2.11 ($2.74). Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, climbed 1.3% to $3.11.
Palm-oil producers: Crude palm-oil futures for March delivery rose as much as 2.4% in Kuala Lumpur today.
First Resources (FR SP), an Indonesian palm plantation company, advanced 2% to $1.53. Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer, rose 2% to 77.5 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, climbed 0.4% to $2.72.
DBS Group Holdings (DBS SP), Southeast Asia’s biggest bank by assets, rose 0.1% to $14.34. The lender said it bought 94 million shares of its unit DBS Bank for $1.35 billion ($1.04 billion), and now holds 2.06 billion shares.
Mapletree Logistics Trust Management (MLT SP), a Singapore real estate trust, fell 0.5% to 94.5 cents. The company said it bought a warehouse in eastern Singapore for $13.8 million.
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