U.S. Natural Gas Futures Drop Below $3 for First Time Since 2012

Singapore Stocks: DBS, Keppel Corp., Ocean Sky, Sembcorp Marine

Singapore’s Straits Times Index (FSSTI) added 0.2 percent to 3,021.56 as of 9:28 a.m. local time. Three shares rose 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.

DBS Group Holdings Ltd. (DBS) dropped 2.8 percent to S$13.79 after Southeast Asia’s biggest lender offered to buy PT Bank Danamon Indonesia for about $7.2 billion. The Singaporean bank will pay its parent Temasek Holdings Pte 45.2 trillion rupiah ($4.9 billion) in new shares for its 67 percent stake in Danamon and buy the remaining stock from other shareholders for 7,000 rupiah each in cash, a 52 premium from the stock’s closing price of 4,600 rupiah on March 30.

Keppel Corp. (KEP) gained 0.9 percent to S$11.02 after the world’s biggest builder of oil platforms said its Keppel Amfels unit won a $205 million contract to build a jack-up rig for Mexico’s Perforadora Central SA de CV.

Ocean Sky International Ltd. (OSI SP) increased 3 percent to 20.5 after the apparel maker agreed to buy ChiwayLand Group (Singapore) Pte, a property developer in China, for up to S$372 million ($297 million) in an all-share deal. Ocean Sky will sell its existing business to some of its directors.

Sembcorp Marine Ltd. (SMM) added 0.2 percent to S$5.32 after a unit of the world’s second-largest builder of oil platforms won a $568 million contract to build a semi- submersible drilling rig for Norway’s North Atlantic Drilling Ltd.

To contact the reporter on this story: Jonathan Burgos in Singapore at

To contact the editor responsible for this story: Nick Gentle at

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.