Singapore’s Straits Times Index gained 0.1% to 3,248.38 as of 9:15 a.m. local time. Three stocks rose for every two 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. 

 

Hi-P International (HIP SP), the electronics manufacturing services provider whose clients include BlackBerry-maker Research in Motion, climbed 4.6% to $1.13. The company said sales in the fourth-quarter will be higher than the previous three months on increased demand, beating its earlier estimate.

 

SATS (SATS SP), the ground-handling services provider partly owned by Temasek Holdings , gained 1% to $2.93. The company said it handled 9.1 million passengers in the three months ended December, up 2.1% from a year ago. Freight increased 3.2% in the same period.

 

Singapore Press Holdings (SPH SP), the biggest newspaper publisher in the city-state, lost 0.3% to $3.97. The company said first-quarter net income fell to $102.3 million from $144.7 million a year earlier. Analysts had expected profit of $103.7 million, based on three estimates compiled by Bloomberg.