Singapore’s Straits Times Index gained 0.8% to 2,910.57 as of 9:24 a.m. All but two of the gauge’s 30 members advanced.

 

Stocks on the measure trade at 15.7 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

 

Natural Cool Holdings (NATC SP), a supplier of air- conditioning systems for retail and commercial buildings, surged 15% to 23.5 cents. The company said it has agreed to sell and leaseback its office building. Under the deal, the property will be sold for $53 million to Emirates Tarian Capital, which will then lease back the property to Natural Cool for 10 years.

 

Singapore Exchange (SGX SP), operator of the city’s equities and derivatives exchange rose 1.2% to $8.37. UBS AG upgraded the stock to “buy” from “neutral” and raised its share-price forecast to $10 from $9.20.

 

Singapore Press Holdings (SPH SP), Singapore’s biggest newspaper publisher, climbed 1.9% to $3.73. The company said first-quarter net income rose 98% from a year ago to $144.7 million. OCBC Investment Research upgraded the stock to “buy” from “hold” and raised its share-price forecast to $3.91 from $3.56.

 

Swing Media Technology Group (SWM SP), a maker of data storage products, slipped 7.1% to 6.5 cents. The company said it plans to sell 100 million new shares at a discounted price of 5.6 cents each, raising net proceeds of $5.3 million.

 

Yanlord Land Group (YLLG SP), a China-based property developer, added 0.9% to $2.14. The company said it and partner Jing Hope Holdings Pte have jointly bought a land in the resort city of Sanya in Hainan, China for 2.1 billion yuan ($427.2 million). The property will be developed into a hotel and serviced apartment complex with a gross floor area of 155,268 square meters.