Singapore’s Straits Times Index gained 0.3% to 3,192.99 as of 9:04 a.m. Nineteen stocks advanced and two fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.6 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, climbed 0.7% in New York yesterday.
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, rose 1.4% to $2.14. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, lost 1.3% to $3.15.
Palm-oil producers: Crude palm-oil futures for March delivery gained 0.6% in Kuala Lumpur yesterday.
First Resources (FR SP), an Indonesian palm plantation company, advanced 0.6% to $1.57. Wilmar International (WIL SP), the world’s biggest palm-oil trader, climbed 0.4% to $5.65.
Guocoland (GUOL SP), the developer controlled by Malaysian tycoon Quek Leng Chan, rose 2.8% to $2.62. The company is considering listing an office real estate investment trust and another trust holding retail assets, The Business Times reported, without citing anyone.
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