Singapore Stocks: Creative, Keppel Corp., Neptune Orient, Noble

Singapore’s Straits Times Index (FSSTI) rose 0.7 percent to 3,140.62 at the close of trading, the highest since Feb. 9. Two stocks advanced for each that fell in the benchmark index of 30 companies.

Shares on the measure trade at an average 14.3 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. 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, rose 0.4 percent in New York on April 1 to the highest level since March 8.

Noble Group Ltd. (NOBL) , a Hong Kong-based supplier of commodities, increased 1.8 percent to S$2.22. Olam International Ltd. (OLAM) , a Singapore-based supplier of agricultural commodities, gained 0.7 percent to S$2.83.

Export-related companies: Shares of exporters and shipping companies advanced after a U.S. government jobs report on April 1 showed the U.S. unemployment rate dropped to a two-year low of 8.8 percent in March from 8.9 percent in February.

Creative Technology Ltd. (CREAF SP), a consumer electronics maker whose music players compete with Apple Inc.’s iPod, climbed 1.4 percent to S$3.53. STATS Chippac Ltd. (STAT) , the chip testing and packaging services provider that gets about 73 percent of revenue from the U.S., advanced 0.7 percent to 72.5 Singapore cents.

Neptune Orient Lines Ltd. (NOL SP), Southeast Asia’s largest container shipping line that counts the Americas as its biggest market, increased 2.1 percent to S$1.99. Hutchison Port Holdings Trust (HPHT SP), the owner of port assets in Hong Kong and China, gained 0.5 percent to 98 U.S. cents.

Eastern Holdings Ltd. (EH) , a publisher of magazines, climbed 5.9 percent to 18 Singapore cents. The company said it expects to post higher full-year net income following the sale of a unit.

Keppel Corp. (KEP SP), the world’s biggest builder of oil platforms, increased 2.4 percent to S$12.70. The company said its Keppel FELS Ltd. unit received a $180 million jackup rig order from Jasper Investments Ltd. (JASP) .

Jasper Investments, which is selling 122.1 million new shares at 9.6 Singapore cents each to fund the rig order, gained 7.1 percent to 7.5 Singapore cents.

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.