Singapore’s Straits Times Index gained 0.3 percent to 3,105.85 at the close, trimming losses for the quarter to 2.6 percent. Three stocks rose for every two 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.
Biosensors International Group Ltd. (BIG SP), a maker of drug-coated stents used to treat blocked arteries, increased 2.6 percent to S$1.18. DBS Group Holdings Ltd. raised its rating on the stock to “buy” from “hold” and lifted its share-price forecast to S$1.35 from S$1.13.
Keppel Telecommunications & Transportation Ltd. (KPTT SP), a provider of logistics and telecommunications support services, gained 2.3 percent to S$1.35. The company said it agreed to sell its 35 percent stake in Wuhu Annto Logistics Co., a provider of logistics services to the electrical appliances industry in China, to Midea International Corp. for S$57 million ($45 million).
Sembcorp Marine Ltd. (SMM SP), the world’s second-biggest builder of oil platforms, rose 0.9 percent to S$5.84. The company said its unit has signed a contract to provide ship-repair services to Canada’s Teekay Marine Services, which operates a fleet of 137 ships. Financial details weren’t disclosed.
Wilmar International Ltd. (WIL SP), the world’s largest palm-oil trader, increased 0.6 percent to S$5.46. The company said it has completed the acquisition of a 78 percent stake in Ghana’s Benso Oil Palm Plantation Ltd. for about $14.9 million.