Singapore’s Straits Times Index gained 0.5 percent to 3,159.36 as of the close of trading. About nine stocks advanced for each one that fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.4 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, gained 0.4 percent in New York on Dec. 23.
Noble Group Ltd. (NOBL SP), a Hong Kong-based commodities supplier, rose 1 percent to S$2.11. Olam International Ltd. (OLAM SP), a Singapore-based supplier of agricultural commodities, climbed 1.3 percent to S$3.11.
Palm-oil producers: Crude palm-oil futures for March delivery rose as much as 2.4 percent in Kuala Lumpur today.
First Resources Ltd. (FR SP), an Indonesian palm plantation company, advanced 2 percent to S$1.53. Golden Agri-Resources Ltd. (GGR SP), the world’s second-biggest palm-oil producer, rose 2 percent to 77.5 Singapore cents. Indofood Agri Resources Ltd. (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, climbed 0.4 percent to S$2.72.
DBS Group Holdings Ltd. (DBS SP), Southeast Asia’s biggest bank by assets, rose 0.1 percent to S$14.34. The lender said it bought 94 million shares of its unit DBS Bank Ltd. for S$1.35 billion ($1.04 billion), and now holds 2.06 billion shares.
Mapletree Logistics Trust Management Ltd. (MLT SP), a Singapore real estate trust, fell 0.5 percent to 94.5 Singapore cents. The company said it bought a warehouse in eastern Singapore for S$13.8 million.
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