Singapore’s Straits Times Index gained 0.2% to 3,211.82 as of 10:04 a.m. local time, heading for a 1% decline this week. About the same number of stocks declined and rose in the benchmark index declined.

Shares on the measure trade at an average 14.6 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. 

Ascott Residence Trust (ART SP), a serviced apartment operator partly owned by CapitaLand (CAPL SP), increased 0.8% to $1.21. The company said fourth-quarter distributable income doubled to $23.9 million from $11.5 million a year ago.

 

K-REIT Asia (KREIT SP), the office landlord partly owned by Keppel Land (KPLD SP), gained 0.7% to $1.45. The company said fourth-quarter distributable income increased 19% to $23.2 million from a year ago.

 

Mapletree Logistics Trust (MLT SP), a Singapore-based industrial landlord, rose 1% to 99 cents. The company said it will distribute $36.8 million of its income for the fourth quarter, compared with $31.8 million a year ago.

 

Singapore Technologies Engineering (STE SP), Asia’s biggest aircraft maintenance company, climbed 0.9% to $3.32. The company said its aerospace division won maintenance orders worth $320 million in the fourth quarter.