Singapore’s Straits Times Index gained 0.8% to 2,960.56 as of 9:35 a.m. Eight stocks advanced for each that fell on the 30-member gauge. Shares on the measure trade at an average 14.3 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to Bloomberg data. The following shares were among the most active in the market. Stock symbols are in parentheses after company names.

Developers: Singapore today introduced more steps to rein in speculative property purchases after previous attempts to cool the real-estate market had limited effect.

CapitaLand (CAPL SP), Southeast Asia’s biggest developer, dropped 0.5% to $3.98. City Developments (CIT SP), Singapore’s second-largest developer by market value, decreased 2.2% to $11.70. Allgreen Properties (AG SP), the Singapore-based developer controlled by Malaysian billionaire Robert Kuok, declined 1.8% to $1.12.

Guocoland (GUOL SP), the developer controlled by Malaysian billionaire Quek Leng Chan, climbed 3.3% to $2.21. The company said it plans to raise $532.5 million selling shares to existing shareholders at $1.80 a share on the basis of one new share for every three existing shares held. JPMorgan Chase & Co. maintained its “overweight” rating and cut its share-price forecast to $2.45 from $2.70.

Genting Singapore Plc (GENS SP), owner of one of two casino resorts in the city-state, increased 1.9% to $1.63. Macquarie Group raised its share-price forecast to $2.10 from $1.60 and maintained its “outperform” rating.

Goodpack (GPACK SP), a supplier of intermediate bulk containers used to transport commodities such as rubber, coffee and chestnuts, rose 2.1% to $1.93. The company said full-year profit climbed 30% to US$33.6 million ($45.5 million).

Longcheer Holdings (LHL SP), a China-based mobile phone designer, advanced 2.1% to 74 cents. The company said fourth-quarter profit rose 15% to 44 million yuan ($8.8 million) from a year earlier.