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STI rises 1.9% to 2,745.02 on closing

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The Straits Times Index rose 1.9% to 2,745.02 at the close, the most since November 16 last year. Stocks on the measure trade at 14.6 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg. The following shares were among the most active in the market.

Longcheer Holdings (LHL SP) jumped 6% to 53 cents, the biggest gain since November 13. The designer of mobile phones in China said second-quarter net profit attributable to shareholders was 39.1 million yuan ($8.15 million), compared with 28.4 million yuan the year before.

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