Singapore’s Straits Times Index gained 0.2% to 3,252.02 as of 9:30 a.m. Two stocks rose for each that fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 14.8 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.
CapitaLand (CAPL SP), Southeast Asia’s biggest developer, gained 0.5% to $3.83. Nomura Holdings Inc. raised its recommendation to “buy” from “neutral” and increased its share-price estimate to $4.37 from $4.25.