STOCKS NEWS SINGAPORE-Index flat, rigbuilders weigh
Keppel Corp was the most actively traded stock by value in the Singapore market on Tuesday. Shares of the world's largest oil rig builder fell as much as 1 percent to a two-month low of S$11.22, making it one of the worst performers on the index. About 3.9 million shares were traded, matching the average full-day volume traded over the past 30 days.
Keppel's rival Sembcorp Marine also underperformed the market. Sembcorp Marine shed as much as 1.6 percent to S$4.40, the lowest in a month.
"The drop in share prices could be seen as the profit-taking phase for the offshore and marine sector," a trader said.
(firstname.lastname@example.org)(+6564035659)(Reuters... read more
Most read news
- 19:19 France to launch military operation in CAR immediately: Hollande
- 19:18 Huge river boulders to protect busy Cumbrian road
- 19:14 Princess Diana made him, Sarah Palin destroyed him: the rise and...
- 19:14 Harvard under scrutiny: are its students' grades over-generous?
- 19:12 Guardian yet to back new regulator
- 19:11 Moody's signals no quick upgrade for UK credit rating
- 19:11 Not so fast George: US outstrips UK growth hours after Autumn...
- 19:06 English clubs confirm they will not play in next season's Heineken Cup
- 19:02 Backstage: Snowman pair get a kid’s view from Chloe’s criticism
- 18:31 BNP Paribas agrees to buy Rabobank's Polish unit for $1.4 billion