Singapore’s Straits Times Index rose 0.3% to 2,851 as of 9:18 a.m. local time. Almost four stocks advanced for each that fell on the 30-member gauge.

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. 

 

Asia Food & Properties (AFP SP), the Singapore-based developer and food manufacturer partly owned by Indonesia’s Sinar Mas Group, climbed 3.1% to 66.5 cents. The company said it agreed to sell its Florentina International Holdings unit to Golden Agri-Resources (GGR SP) for $143 million. Florentina manufactures instant noodles in China. Golden Agri rose 0.9% to 54.5 cents.

 

Li Heng Chemical Fibre Technologies (LHCF SP), a China-based maker of nylon yarn, advanced 2.2% to 23 cents. The company said it will invest 715 million yuan ($146.1 million) to build a manufacturing facility making polyamide chips, a raw material used in nylon production, in Fujian, China.

 

United Envirotech (UENV SP), the environmental engineering company, advanced 2.9% to 36 cents. The company said it obtained a 3 billion yuan credit facility from China Merchants Bank to fund its water utility projects in China.