Bloomberg News

Singapore Equities: Olam, Noble, Keppel, Singapore Technologies

September 14, 2011

Sept. 14 (Bloomberg) -- Singapore’s Straits Times Index rose 0.4 percent to 2,739.35 at the close of trading. More than three stocks gained for each that declined in the index of 30 companies.

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

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, rose 0.5 percent in New York yesterday, snapping two days of decline.

Noble Group Ltd. (NOBL SP), a Hong Kong-based supplier of energy, food and mining commodities, increased 3 percent to S$1.55. Olam International Ltd. (OLAM SP), a Singapore-based supplier of agricultural commodities, climbed 1.3 percent to S$2.37.

Datapulse Technology Ltd. (DT SP), a maker of media storage products, increased 2.3 percent to 22 Singapore cents. The company said full-year net income rose 2 percent to S$10.8 million ($8.7 million).

Keppel Corp. (KEP SP), the world’s biggest builder of oil rigs, advanced 0.4 percent to S$8.55. The company said it won a contract, valued at S$143 million, to build a heavy lift crane vessel from Asian Lift Pte, an equally-owned joint venture between its Keppel Offshore & Marine Ltd. unit and Smit Singapore Pte.

Singapore Technologies Engineering Ltd. (STE SP), Asia’s biggest aircraft maintenance company, increased 1.4 percent to S$2.87. The company said it won a contract, valued at S$68 million, for the supply of light strike vehicles to the Singapore Ministry of Defense.

Technics Oil & Gas Ltd. (TGH SP), a provider of engineering services to the oil and gas industry, gained 1.2 percent to 88 Singapore cents. The company said it won a contract valued at S$32 million for the supply and installation of equipment for two platforms of Vietsovpetro in offshore Vietnam.

--With assistance from Kana Nishizawa in Hong Kong. Editor: John McCluskey.

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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