Singapore’s Straits Times Index gained 0.1% to 3,244.94 at the close. Almost two stocks rose 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. 

 

Amtek Engineering (AMTK SP), a supplier of precision components to companies such as Sony Corp., climbed 3.1% to $1.35. Credit Suisse Group AG initiated coverage of the stock with an “outperform” rating and a share-price forecast of $1.75. DBS Group Holdings also recommended the stock as a “buy” yesterday.

 

CapitaCommercial Trust (CCT SP), the office landlord partly owned by CapitaLand (CAPL SP), lost 0.7% to $1.49. JPMorgan Chase & Co. lowered its rating on the stock to “underweight” from “neutral.”

 

Hyflux (HYF SP), Singapore’s biggest publicly traded water utility company, climbed 1.7% to $2.38. The company said it won three contracts in China, valued at US$45 million ($58 million).

 

Overseas Union Enterprise (OUE SP), a Singapore-based hotel operator, gained 3.2% to $3.55. The company said it has established a $1 billion  multi-currency medium-term note program.

 

Straits Asia Resources (SAR SP), the owner of coal mines in Indonesia, surged 9.1% to $2.88, its highest close since July 16, 2008. 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.”