Singapore’s Straits Times Index gained 0.6% to 2,930.19 as of 9:53 a.m. local time. The measure was set for a 1.7% advance this week. Three stocks rose for each that fell on the 30-member gauge.
Shares on the measure trade at 15.3 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, dropped 0.9% yesterday in London, taking losses in the past three days to 5%.
