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Singapore Stocks: Biosensors, Neptune Orient, Swiber, Wilmar

March 27 (Bloomberg) -- Singapore’s Straits Times Index gained 1.5 percent to 3,018.91 at the close, the most in more than two weeks. All but two shares advanced in the 30-member gauge.

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

Palm-oil producers: Crude palm-oil futures for June delivery rose as much as 1.1 percent in Kuala Lumpur today, heading for its third day of advance.

Golden Agri-Resources Ltd. (GGR SP), the largest grower of oil palms in Indonesia, increased 2.6 percent to 78 Singapore cents. Wilmar International Ltd. (WIL SP), the world’s biggest palm oil trader, gained 1.4 percent to S$5.02.

Biosensors International Group Ltd. (BIG SP), a maker of drug-coated stents used to treat blocked arteries, added 1.4 percent to S$1.48 after establishing a subsidiary in Spain to bid for contracts from Spanish hospitals.

Neptune Orient Lines Ltd. (NOL SP), Southeast Asia’s biggest container carrier, climbed 3.6 percent to S$1.425. The company hired DBS Group Holdings Ltd., HSBC Holdings Plc, Oversea-Chinese Banking Corp. and Standard Chartered Plc to arrange a Singapore dollar-denominated perpetual bond, according to a person familiar with the matter, who asked not to be identified because the details are private.

Swiber Holdings Ltd. (SWIB SP) jumped 5.2 percent to 70.5 Singapore cents after the provider of engineering services to the oil and gas industry said it and Spanish partner Dragados Offshore won a contract, valued at $273 million, for the construction of a pipeline in the Gulf of Mexico.

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net

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

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