Singapore’s Straits Times Index gained 0.5% to 3,002.56 at the close, the highest since Aug. 5. The measure climbed 2.2% this week, the biggest advance since the five days ended July 9. Three stocks rose for each that fell on the 30-member gauge.

Shares on the measure trade at an average 14.6 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.

 

Palm oil suppliers: Crude palm oil for November delivery gained as much as 1.3% in Kuala Lumpur today.

 

First Resources (FR SP), an Indonesian palm oil producer, increased 2.7% to S$1.13. Indofood Agri Resources (IFAR SP), the palm plantation unit of Indonesia’ biggest noodle maker, rose 0.9% to $2.37.

 

Kencana Agri (KAGR SP) climbed 2.7% to 38 Singapore cents after Singapore-based Wilmar International (WIL SP) completed the acquisition of a 20% stake in the Indonesia palm plantation company. Wilmar, which said on Aug. 13 that its Newbloom unit will pay $80.36 million for the Kencana stake, gained 0.8% to $6.42.

 

Ascott Residence Trust (ART SP), the serviced apartment operator partly owned by CapitaLand (CAPL SP), jumped 2.7% to $1.16 after Daiwa Securities Capital Markets raised the stock to “outperform” from “hold.”

 

Singapore Exchange (SGX SP), the operator of the city’s bourse, rose 0.9% toS$7.60. The company said overall derivatives trading volumes increased 19% in August from a year earlier. Securities trading jumped 10% from July.

 

Yangzijiang Shipbuilding Holdings (YZJ SP), a China- based shipbuilder, advanced 2.5% to $1.64. Nomura Holdings Inc. raised the stock to “buy” from “reduce” and increased its share-price forecast to $1.94 from 75  cents.