Singapore’s Straits Times Index gained 0.8% to 3,162.16 as of the 12:30 p.m. trading break. Three stocks advanced for each that fell in the benchmark equity index of 30 companies.

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. 

Palm-oil producers: Crude palm oil for February delivery climbed as much as 2.9 in Kuala Lumpur today, headed for its second day of advance.

 

Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, gained 4.2% to 74 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, increased 3.4% to $2.74. Wilmar International (WIL SP), the world’s largest palm-oil trader, rose 0.5% to $6.06.

 

CapitaLand (CAPL SP), Southeast Asia’s biggest developer, gained 1.1% to $3.75. The company plans to sell Ascott Raffles Place in Singapore’s central business area, the Business Times reported, without indentifying its sources. CapitaLand’s Ascott Residence Trust has the first option to buy the property, which could be worth around $250 million, the newspaper said.