Singapore’s Straits Times Index gained 0.8 percent to 3,207.91 as of the close of trading. Twenty-eight stocks advanced and one fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.7 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, climbed 0.7 percent in New York yesterday.
Noble Group Ltd. (NOBL SP), a Hong Kong-based commodities supplier, rose 0.9 percent to S$2.16. Olam International Ltd. (OLAM SP), a Singapore-based supplier of agricultural commodities, gained 1.6 percent to S$3.20.
Palm-oil producers: Crude palm-oil futures for March delivery gained 0.6 percent in Kuala Lumpur yesterday.
Wilmar International Ltd. (WIL SP), the world’s biggest palm-oil trader, climbed 1.1 percent to S$5.69. Global Palm Resources Holdings Ltd. (GPR SP) advanced 1.4 percent to 35.5 Singapore cents. Golden Agri-Resources Ltd. (GGR SP), the world’s second-biggest palm-oil producer, rose 1.3 percent to 80.5 Singapore cents.
Capitaland Ltd. (CAPL SP), the developer, gained 1.9 percent to S$3.76. The company reported strong sales at its high-end residential project in Beijing over the Christmas weekend. About 60 percent of the units have been sold, the company said in a statement.
Guocoland Ltd. (GUOL SP), the developer controlled by Malaysian tycoon Quek Leng Chan, rose 1.6 percent to S$2.59. The company said it will review setting up a real estate investment trust as a possible way to extract value from its property portfolio. The company was responding to a report in the Business Times that said it is considering listing an office real-estate investment trust and another trust holding retail assets, without citing anyone.
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