Singapore’s Straits Times Index rose 0.2% to 2,879.74 at the 12:30 p.m. trading break. About as many stocks on the index rose as fell. Shares on the measure trade at 15 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the
market.

City Developments (CIT SP), Singapore’s second-biggest developer, rose 1.5% to S$10.82 after DMG & Partners Securities Pte analyst Brandon Lee maintained his “buy” rating.

Sinobest Technology Holdings (SBT SP), a supplier of building-automation systems, jumped 6.9% to 15.5 cents. Sinobest Technology is in negotiations with “certain parties” on a potential acquisition, according to a statement submitted to the Singapore stock exchange yesterday after the market closed.

SMRT Corp. (MRT SP), the city-state’s biggest commuter train operator, climbed 0.5% to $2. The company’s 12-month target price was raised to $2.31 per share from $2.22 by BNP Paribas, which maintained a “buy” rating.