Singapore Stocks: Nera Telecom, Sembcorp Marine, Swiber Holdings
Singapore’s Straits Times Index (FSSTI) added 0.8 percent to 2,940.10 at the close, the highest since Aug. 5. Four shares advanced for each that fell in the 30-member gauge.
The following were among the most active shares in the market. Stock symbols are in parentheses after company names.
CapitaCommercial Trust (CCT) gained 1.8 percent to S$1.12 after the office landlord said it is evaluating the possibility of investing in Twenty Anson Road, an office building near the Raffles Place business district. There’s no certainty a deal will happen, it said after the Business Times newspaper reported today that its close to buying the property.
China Essence Group Ltd. (CESS) tumbled 9.2 percent to 16.7 Singapore cents after the producer of potato starch said it expects to post a third-quarter loss.
Nera Telecommunications Ltd. (NERT) rose 4.6 percent to 46 Singapore cents after the supplier of satellite communication devices said it’s in advanced talks to be acquired.
Second Chance Properties Ltd. (SCE) climbed 4.2 percent to 37 Singapore cents after the property developer said second- quarter net income rose 20 percent from a year earlier to S$3.6 million ($2.9 million). It also proposed a one-for-one bonus warrants issue with an exercise price of 40 Singapore cents to raise as much S$280.1 million when fully exercised.
Sembcorp Marine Ltd. (SMM) advanced 2.3 percent to S$4.96 after the world’s second-biggest builder of oil platforms won a $792.5 million contract to build a drill ship for a unit of Sete Brasil Participacoes SA.
Swiber Holdings Ltd. (SWIB) jumped 8.1 percent to 66.5 Singapore cents after the provider of offshore logistic services said it had won contracts valued at $216 million since the beginning of the year.
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