Singapore Stocks: Olam, Noble, Bumitama, IEV Holdings

Singapore’s Straits Times Index (FSSTI) rose 0.3 percent to 2,987.82 at the close in Singapore. Three stocks advanced for each that fell on the 30-member gauge, which climbed 0.9 percent this week.

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

Civmec Ltd. (CVL SP), an engineering service provider, traded at 55.5 Singapore cents, 39 percent higher from its initial offering price of 40 Singapore cents. The company raised S$18.1 million in its initial stock sale.

Ezra Holdings Ltd. (EZRA) , a provider of offshore logistics services for the oil and gas industry, climbed 1.8 percent to S$1.14 after saying second-quarter profit rose to $22.1 million from $8 million a year earlier. OCBC Investment Research boosted the rating on Ezra to “buy” from “hold.”

Keppel Corp. (KEP SP), the world’s biggest builder of oil rigs, advanced 2 percent to S$11.46 after winning a preliminary order worth about $4.12 billion from Sete Brasil Participacoes SA.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net

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

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