Singapore’s Straits Times Index rose 0.6% to 2,854.32 at the 12:30 p.m. trading break. Two stocks fell on the 30-member gauge. Shares on the measure trade at 17 times estimated earnings, compared with about 10 times at the start of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Palm oil suppliers: Crude palm oil for March delivery rose 1.9% in Kuala Lumpur today, extending a 2.2% gain on Dec 24. Indofood Agri Resources (IFAR SP), the palm oil unit of Indonesia’s biggest noodle maker, climbed 2.4% to $2.13. Golden Agri-Resources (GGR SP), the world’s second-biggest palm oil producer, advanced 1% to 49.5 cents. Wilmar International (WIL SP), the world’s biggest palm oil trader, added 0.6% to $6.43.
