March 4 (Bloomberg) -- Singapore’s Straits Times Index climbed 0.8 percent to 3,061.31 at the close, taking this week’s advance to 1.2 percent. Four stocks rose for each that fell in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.1 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.
Palm-oil producers: Crude palm-oil futures for May delivery gained as much as 1.5 in Kuala Lumpur today, extending its advance to a fourth day.
Golden Agri-Resources Ltd. (GGR SP), the world’s second-biggest palm-oil producer, gained 0.7 percent to 70.5 Singapore cents. Indofood Agri Resources Ltd. (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, increased 0.9 percent to S$2.38. Wilmar International Ltd. (WIL SP), the world’s largest palm-oil trader, rose 0.6 percent to S$5.19.
CapitaMall Trust (CT SP), the biggest retail property trust listed in Singapore, increased 1.1 percent to S$1.82. Daiwa Securities Group Inc. raised its rating to “outperform” from “underperform.” The brokerage boosted its share-price forecast to S$1.97 from S$1.83.
Hongkong Land Holdings Ltd. (HKL SP), one of Hong Kong’s biggest business-district landlords, climbed 3.8 percent to $7.10, the biggest advance in the benchmark index. The company said full-year underlying profit rose 4.2 percent to $810 million from the previous year.
Noble Group Ltd. (NOBL SP), the Hong Kong-based supplier of energy, food and industrial metals, slid 2.3 percent to S$2.13. The company said it plans to raise S$625 million ($493 million), selling 306.5 million new shares for S$2.07 each.
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