Nam Cheong

Singapore's Straits Times Index gained 0.3 percent to 3,133.36 as of 9:20 a.m. local time. Five stocks rose for each that fell in the benchmark index of 30 companies. The index is headed for its first weekly drop in three weeksShares on the measure trade at an average 14.4 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg.The