Singapore’s Straits Times Index rose 0.8% to 2,973.06 as of the 12:30 p.m. trading break. Six stocks gained for each that fell on the 30-member gauge.

Shares on the measure trade at an average 14.4 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. 

 

DBS Group Holdings (DBS SP), Southeast Asia’s biggest lender, gained 1.2% to $14.04. Goldman Sachs Group Inc. raised the stock to “buy” from “neutral.”

 

Ezra Holdings (EZRA SP), a provider of logistics services to the oil and gas industry, slumped 4.5% to $1.69 after the company said it will sell shares at a discount. The company said it plans to raise $155.3 million selling shares to existing shareholders at $1.18 a share.

 

Genting Singapore Plc (GENS SP), owner of one of two casino resorts in the city-state, climbed 3% to $1.74, set for its highest close on record, on speculation earnings will increase this quarter.

 

“We’re going to have the Formula 1 race this month,” said Carey Wong, an analyst at OCBC Investment Research. “That will boost revenue at the casino resorts. Third-quarter could be another strong quarter.”

 

Osim International (OSIM SP), Asia’s biggest maker of massage chairs outside of Japan, increased 2.6% to 99.5 cents. The company said it plans to acquire Asian health and lifestyle brands and bring them into China to increase its presence in the country.

 

Yanlord Land Group (YLLG SP), a China-based homebuilder, gained 0.6% to $1.77. The company said it sold 84%, or 361 of the 428 apartment units it started selling on Aug. 28 in Nanjing, China. The company generated 708.8 million yuan ($140.9 million) from the sale, it said.

 

Yongnam Holdings (YNH SP), a Singapore-based construction company, advanced 6.7% to 24 cents. The company said it won a $25 million contract to build a station for a new commuter train line.