Singapore’s Straits Times Index gained 0.3% to 3,010.03 as of the 12:30 p.m. trading break. Eight stocks rose for every five that fell on the 30- member gauge.

Shares on the measure trade at an average 14.7 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.

 

Commodity suppliers: The Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, rose 0.6% in New York on Sept. 3, extending its three-day advance to 3.3%.

 

Noble Group (NOBL SP), a Hong Kong-based commodities supplier, jumped 3.1% to S$1.69. Olam International  (OLAM SP), a Singapore-based supplier of agricultural commodities, rose 0.4% to $2.74.

 

Developers: Singapore homebuilders Allgreen Properties (AG SP), UOL Group(UOL SP), and Wing Tai Holdings (WINGT SP) gained after the stocks were rated “buy” in new coverage at Nomura Holdings Inc., which said the stocks may have priced in “excessive downside” after the government last week introduced lending curbs and other measures to quell speculative activity in the property market.

 

Allgreen, controlled by Malaysian billionaire Robert Kuok, increased 1.9% to S$1.08. UOL rose 0.3% to $4.05. Wing Tai gained 1.2% to $1.65.

City Developments (CIT SP), Singapore’s second-biggest developer, climbed 1.4% to $11.38 after Nomura raised the stock to “neutral” from “reduce.”

 

Shipping companies: The Baltic Dry Index of commodity- shipping rates gained 1.5% in London on Sept. 3, extending its five-day advance to 6.4%.

Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, gained 1.2% to $1.64. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, climbed 1.9% to 27 cents.

 

Neptune Orient Lines (NOL SP), the Singapore-based container carrier that gets 57% of revenue from the Americas, increased 1% to $1.97. Private payrolls in the U.S. climbed by 67,000 in August, according to Labor Department figures released on Sept. 3. That’s more than the median forecast for an increase of 40,000 in a Bloomberg economist survey.

 

Singapore Airlines (SIA SP), the world’s second- biggest carrier by market value, advanced 1.9% to $15.90. The airline will raise ticket prices on some routes next month, Nicholas Ionides, a spokesman for the company, said in an e- mailed statement. Singapore Air has also named Goh Choon Phong as chief executive officer to replace Chew Choon Seng.

 

Sinopipe Holdings (SPIP SP), a maker of pipes and fittings, surged 8.6% to 19 cents. The company said it won a contract valued at 100 million yuan ($19.8 million) in Henan, China.