Singapore’s Straits Times Index gained 0.1% to 3,246.11 as of 9:28 a.m. Three stocks advanced for each that fell in the benchmark equity index of 30 companies.

Shares on the measure trade at an average 14.8 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg.

The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, gained 1.4% in New York yesterday, extending its two-day advance 2.3%.

Noble Group (NOBL SP), a Hong Kong-based commodities supplier, rose 1.3% to $2.37. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, rose 0.6% to $3.25.

CapitaMalls Asia (CMA SP), the owner of shopping malls in Singapore, Japan, China, India and Malaysia, rose 0.5% to $1.89. The stock had its rating raised to “outperform” from “neutral” at Macquarie Group. The brokerage raised its share-price forecast to $2.24 from $2.19.

Hyflux (HYF SP), Singapore’s biggest publicly traded water utility company, climbed 2.1% to $2.39. The company said it won three contracts in China, valued at US$45 million ($58.3 million).

Overseas Union Enterprise (OUE SP), a Singapore-based hotel operator, gained 0.9% to $3.47. The company said it has established a $1 billion multi-currency medium-term note programme.

Straits Asia Resources (SAR SP), the owner of coal mines in Indonesia, surged 6.4% to $2.81. The company said it has received a permit from the Indonesian government that allows it to boost production capacity at its Sebuku mine. Goldman Sachs Group Inc. raised its rating on the stock to “neutral” from “sell”.