Singapore’s Straits Times Index climbed 0.5% to 2,836.35 as of 9:23 a.m. in Singapore, poised for its first back-to-back gains in two weeks. Seven stocks climbed for each that fell among the 30 that make up the measure.

CapitaLand (CAPL SP), Southeast Asia’s biggest developer by sales, climbed 0.7% to $4.18, set for its first back-to-back gains in two weeks. CapitaLand said it agreed to sell its entire 50% stake in Chengdu CapitaLand Zhixin Wenjiang Co. for 172.3 million yuan ($35.5 million).

Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, fell 0.9% to $1.08. The Baltic Dry Index, which measures the cost of shipping commodities, declined 2.9% in London yesterday, rounding off a 12-day, 25% drop.

Noble Group (NOBL SP), a Hong Kong-based supplier of raw materials and the largest shareholder in Gloucester Coal, jumped 4.3% to $3.14, set for its largest gain in a month. Macarthur Coal is bidding A$656 million ($809 million) in cash for Gloucester Coal and is in talks to buy stakes in other mining assets from Noble. Noble will own 23% of Macarthur after the transactions are completed.

Pan Hong Property Group (PANH SP), a property developer, advanced 0.8% to 64.5 cents. It received HK$27.5 million ($4.9 million) from Loerie Investments as a settlement payment for an acquisition, Pan Hong said.

Z-Obee Holdings (ZBEE SP), a designer of mobile handsets, tumbled 17% to 19.5 cents, poised for its largest drop since Dec 15, 2008. The company said its application for a listing on the Hong Kong stock exchange has been “temporarily suspended” after the exchange yesterday said it will halt listings by introduction unless issuers can show they have taken steps to ensure ample liquidity and an orderly market.