Breaking News

Merck KGaA, Maker of Erbitux Cancer Drug, to Acquire Sigma-Aldrich for $17 Billion
Tweet TWEET

Singapore Stocks: Neptune Orient Lines, Singapore Air, STX OSV

Singapore’s Straits Times Index gained 0.4 percent to 2,768.89 as of 9:18 a.m. local time. Eight stocks rose for each that fell in the index of 30 companies.

The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.

Neptune Orient Lines Ltd. (NOL SP), Southeast Asia’s biggest container carrier, increased 1.4 percent to S$1.11. The company said it transported 8.4 percent more cargo in the four weeks to Aug. 26 from a year ago. Average freight revenue tumbled 20 percent during the period, it said.

Rotary Engineering Ltd. (RTRY) , a builder of storage tanks for the oil and gas industry, added 0.8 percent to 63.5 Singapore cents. The company said it won contracts valued at S$110 million ($87 million) between July and September this year.

Singapore Airlines Ltd. (SIA) , the world’s second- largest carrier by market value, gained 1.1 percent to S$10.99. The company said it will use Airbus A380 jumbo jets on its Singapore-Frankfurt-New York route from Jan. 15.

STX OSV Holdings Ltd. (SOH) , the world’s biggest maker of oil-rig support vessels by sales, climbed 3.9 percent to S$1.195. The company said it won contracts from Aker Seafoods ASA to build three stern trawlers for 750 million Norwegian kroner ($132 million). The stock slumped 6.5 percent to S$1.15.

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.