Singapore’s Straits Times Index gained 0.4% to 3,247.92 as 9:21 a.m. local time. Nineteen stocks advanced while five fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 14.9 times estimated earnings, 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 14.9 times estimated earnings, 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 0.1% in New York yesterday, the highest level since October 2008.
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, rose 1.8% to $2.26. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, advanced 0.9% to $3.24.
Goodpack (GPACK SP), a supplier of intermediate bulk containers used to transport commodities such as rubber, coffee and chestnuts, climbed 1.9% to $2.11. The company was rated “outperform” in new coverage at Standard Chartered Plc.
Technics Oil & Gas (TGH SP), an engineering-service provider, jumped 3.4% to 92 cents. The company said it won a $23.5 million contract in the Middle East. Separately, it won Taiwan approval to sell 80 million Taiwan Depository Receipts, each representing 0.5 common share, according to a document sent to underwriter Polaris Securities Co. from the Financial Supervisory Commission in Taipei.
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