Singapore’s Straits Times Index gained 0.3% to 3,013.60 at the close. Three stocks rose for every two that fell in the benchmark index of 30 companies.

Shares on the measure trade at an average 13.9 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. 

CCM Group (CCM SP), a Singapore-based construction company, increased 7.1% to 15 cents. The company said it signed an agreement to develop an eco-tourism resort in China’s Chongqing province. The project will be developed over a period of three to five years, requiring total investment of 1.6 billion yuan ($306 million), it said.

 

Keppel Land (KPLD SP), a real-estate unit of Keppel Corp. (KEP SP), advanced 3.2% to $3.51. The company said it and partners Tien Phouc Co. and Tran Thai Co. have obtained masterplan approval to develop 6,430 homes at a waterfront residential project in Ho Chi Minh City, Vietnam.

 

KS Energy (KST SP), a maker of drilling equipment for oil explorers, jumped 10% to $1.06. The company said it received an offer from main shareholder, Pacific One Energy, seeking to buy the rest of the company’s shares it doesn’t own at $1.07 each. Pacific One currently holds a 40.4% stake in KS Energy, it said.

 

Neptune Orient Lines (NOL SP), Southeast Asia’s biggest container carrier by market value, slumped 4.6% to $1.45. CIMB Group Holdings cut its rating on the stock to “trading sell” from “outperform.”