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Singapore’s Straits Times Index gained 0.3% to 3,255.87 at the close. Three stocks rose and for every two that fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 14.9 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 14.9 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.
CapitaLand (CAPL SP), Southeast Asia’s biggest developer, gained 0.8% to $3.84. Nomura Holdings Inc. raised its recommendation to “buy” from “neutral” and increased its share-price estimate to $4.37 from $4.25.
Lian Beng Group (LBG SP), a Singapore-based construction company, climbed 3% to 34 cents after saying first-half net income doubled to $22.7 million from $11.4 million a year earlier.
