March 24 (Bloomberg) -- Singapore’s Straits Times Index gained 0.7 percent to 3,043.03 as of the close of trading. Two stocks advanced for each that fell in the benchmark index of 30 companies.
Shares on the measure trade at an average 14 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, gained 0.2 percent in New York yesterday, extending its advance for a sixth day.
Noble Group Ltd. (NOBL SP), a Hong Kong-based supplier of commodities, increased 1.9 percent to S$2.15. Olam International Ltd. (OLAM SP), a Singapore-based supplier of agricultural commodities, climbed 2.9 percent to S$2.84.
Ausgroup Ltd. (AUSG SP), a provider of engineering services to the mining and oil and gas industries, fell 1.5 percent to 33.5 Singapore cents. The company said it plans to raise S$19 million ($15 million), selling 64.25 million shares at 30.6 Singapore cents each in a share placement.
Eratat Lifestyle Ltd. (ERAT SP), a China-based maker of athletic shoes and apparel, climbed 4.9 percent to 21.5 Singapore cents. The company said it won an order worth 40 million yuan ($6.1 million) from a trade exhibit last month.
UMS Holdings Ltd. (UMSH SP), a supplier of equipment for disk-drive and computer-chip makers, gained 0.9 percent to 58.5 Singapore cents. The company said it received in-principle approval from the Singapore Exchange to list in South Korea.
To contact the reporter on this story: Jonathan Burgos in Singapore at firstname.lastname@example.org.
To contact the editor responsible for this story: Nick Gentle at email@example.com.