Singapore’s Straits Times Index gained 1.4 percent to 2,640.30 at the close. Almost three stocks rose for every two that fell in the index of 30 companies. The gauge fell 1.3 percent this week, extending losses for a fifth straight week, the longest streak since March 2009.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company names.
China Aviation Oil (Singapore) Corp. (CAO) , the nation’s biggest supplier of jet fuel, climbed 6.4 percent to 91 Singapore cents. The company said it signed an agreement with Centralised Terminals Sdn to jointly develop an oil storage terminal in Malaysia’s Tanjung Langsat Port.
Dyna-Mac Holdings Ltd. (DMHL) , a provider of offshore engineering services, dropped 2.3 percent to 42 Singapore cents. The company said its first-quarter net income decreased 55 percent from a year earlier to S$4.2 million ($3.2 million).
Keppel Corp. (KEP) , the world’s biggest builder of oil platforms, jumped 5.6 percent to S$7.90, the most since May 2010. The company said it won a contract, valued at $245 million, to build a jack-up rig for Ensco Plc.
STX OSV Holdings Ltd. (SOH) , the world’s biggest maker of oil-rig support vessels by sales, surged by a record 10 percent to 98.5 Singapore cents. The company said it won a contract to build a platform supply vessel for Norway’s Troms Offshore Supply AS. Financial details weren’t disclosed.
To contact the reporter on this story: Jonathan Burgos in Singapore at firstname.lastname@example.org.