Singapore Stocks: Ascott, Dyna-Mac Holdings, Neptune Orient

Singapore’s Straits Times Index increased 2.3 percent to 2,673.32 at the close. All except four companies advanced in the 30-member gauge today.

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

Ascott Residence Trust (ART SP), the serviced apartment operator partly owned by CapitaLand Ltd. (CAPL SP), gained 2.6 percent to S$1. Ascott Ltd. may inject some of its Malaysian properties into the Singapore-listed trust, Malaysia’s Business Times newspaper reported, citing Tan Boon Khai, the group’s general manager for Singapore and Malaysia.

Dyna-Mac Holdings Ltd. (DMHL SP), a provider of offshore engineering services partly owned by Keppel Corp. (KEP SP), jumped 7.5 percent to 43 Singapore cents. The company said it won provisional contracts valued at S$115 million ($88.2 million) from companies including Modec Inc., Bumi Armada Bhd and SBM Offshore NV. Keppel, the world’s biggest builder of oil rigs, rose 2.4 percent to S$9.22.

Neptune Orient Lines Ltd. (NOL SP), Southeast Asia’s biggest container carrier, climbed 3.6 percent to S$1.15. The company said it, Hapag-Lloyd AG and four other shipping lines agreed to form an alliance to help curb falling rates on the Asia-Europe trade route amid slowing demand and overcapacity.

Noble Group Ltd. (NOBL SP), the biggest shareholder of Australia’s Gloucester Coal Ltd., jumped 3 percent to S$1.19. The stock has gained 7.7 percent since Bloomberg News reported on Dec. 19 that Yanzhou Coal Mining Co, China’s fourth-largest producer of the fuel, plans to buy Gloucester Coal for at least $2 billion. Noble sought a halt in trading this morning as it awaits developments in the possible acquisition.

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