Singapore’s Straits Times Index increased 1.1% to 3,130.90 at the close. The measure advanced 1.2% this week, its sixth weekly gain. Three stocks rose for each that fell on the 30-member gauge.

Shares on the measure trade at an average 15.4 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

 

City Developments (CIT SP), Singapore’s second-biggest developer, rose 0.9% to $12.88. The company said today that Oxley Consortium has been granted an option to buy an office block in the city-state for $215 million. Oxley has until Oct. 8 to exercise the option to buy the property from a unit of City Developments.

 

Genting Singapore Plc (GENS SP), owner of one of two casino resorts in the city-state, climbed 7.5% to $2. OCBC Investment Research raised its share-price forecast to $2.38 from $1.85 and maintained its “buy” rating.

 

GMG Global (GGL SP), the Singapore-based owner of rubber plantations in West Africa, surged 10% to 27.5 cents. Rubber futures in Tokyo climbed to the highest level in five months as better-than-estimated U.S. economic data boosted investor confidence in global growth.

 

Neptune Orient Lines (NOL SP), the container carrier that gets more than half of revenue from the Americas, gained 1.5% to $2.01. Business activity in the U.S. unexpectedly accelerated and fewer workers filed claims for jobless benefits, easing concern the world’s largest economy is retrenching further, data released yesterday showed.

 

OKP Holdings (OKP SP), a Singapore-based road builder, jumped 15% to 54 cents. DBS Group Holdings initiated coverage of the stock with a “buy” rating and share- price forecast of 70 cents.