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Singapore’s Straits Times Index gained 0.2% to 3,251.43 as of the 12:30 p.m. trading break. About the same number of stocks rose and 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.
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.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, gained 1% in New York yesterday, extending its three-day advance 3.4%.
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, rose 0.9% to $2.36. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, gained 1.6% to $3.25.
CapitaLand (CAPL SP), Southeast Asia’s biggest developer, gained 1.6% to $3.87. Nomura Holdings Inc. raised its recommendation to “buy” from “neutral” and increased its share-price estimate to $4.37 from $4.25.
