Singapore’s Straits Times Index advanced 1.1% to 2,850.44 as of 9:32 a.m. Twenty-nine stocks on the 30-member gauge increased. Shares on the measure trade at 14.1 times estimated earnings, compared with about 17.5 times at the beginning of the year, according to Bloomberg data. The following shares were among the most active in the market.

Chip Eng Seng Corp. (CHIP SP) gained 1.5% to 34 cents. The homebuilder said its CEL Development Pte unit and Choicehomes Investments Pte submitted the top bid of $223.7 million at a government auction for a residential site in the northeastern part of the city-state.

Cosco Corp. Singapore (COS SP), a China-based shipbuilder, climbed 3.5% to $1.50. The company said its units have signed 11 contracts and four letters of intent to build 15 bulk carriers valued at US$440 million ($612 million).

Ezion Holdings (EZI SP), a provider of offshore logistics services, increased 3.2% to 65.5 cents. DMG & Partners Securities Pte initiated coverage of the stock with a “buy” rating and share-price forecast of 87 cents.

Genting Singapore Plc (GENS SP), one of two casino operators in the city-state, climbed 1.8% to $1.11, extending its advance for a third day. JPMorgan Chase & Co. reiterated its “overweight” rating on the stock, saying visitor numbers and conference bookings at the Resorts World Sentosa are encouraging.

Singapore Airlines (SIA SP), the world’s second-biggest carrier by market value, rose 0.8% to $14.94. The company said it filled 74.8% of seats in May, compared with 66.9% a year earlier, as it transported more passengers.

Spice i2i (I2I SP), a Singapore-based provider Internet telephony services controlled by Indian billionaire Bhupendra Kumar Modi, gained 2.5% to 20.5 cents. The company, formerly known as MediaRing Ltd., said it plans to raise net proceeds of $133 million, selling as many as 1.37 billion shares at 10 cents each to existing shareholders.