Singapore’s Straits Times Index gained 0.5% to 3,199.09 as of the 12:30 p.m. trading break. About two stocks rose and for each that fell in the benchmark index.

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. 

 

Palm-oil producers: Crude palm-oil futures for April delivery gained as much as 2.4% in Kuala Lumpur today.

 

First Resources (FR SP), an Indonesian palm plantation company, advanced 1.4% to S$1.43. Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer, jumped 3.5% to 73.5 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle, rose 0.8% to $2.66.

CWT (CWT SP), a logistics company, climbed 3.3% to $1.24. DMG & Partners Securities raised its share-price forecast to $1.45 from $1.16 and kept its “buy” rating.