Singapore’s Straits Times Index rose 0.6% to 2,914.51 at the 12:30 p.m. trading break. Almost four stocks advanced for each that fell.

Shares on the measure trade at 15.2 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. 

 

Mapletree Logistics Trust (MLT SP), a property trust partly owned by Temasek Holdings, gained 1.9% to 82.5 cents. Credit Suisse Group AG rated the company “outperform” in new coverage.

 

Neptune Orient Lines (NOL SP), Southeast Asia’s biggest container carrier, rose 1.5% to $2.01. The company said its unit APL (Bermuda)is taking a term loan of US$300 million ($418 million) from banks and financial institutions. The loan, which is guaranteed by Neptune Orient, will be used for general corporate funding purposes, the company said in a statement to the Singapore stock exchange yesterday.

 

Swing Media Technology Group (SWM SP), a maker of data storage products, jumped 7.7% to 7 cents. Swing is planning a dual primary listing of its ordinary shares on the Hong Kong stock exchange, according to a company statement submitted to the Singapore stock exchange.