Jan. 26 (Bloomberg) -- Singapore’s Straits Times Index added 0.1 percent to 2,894.43 at the close. Four shares rose for every three that fell in the 30-member gauge.
The following were among the most active shares in the market. Stock symbols are in parentheses after company names.
Ezion Holdings Ltd. (EZI SP), a provider of marine logistics and support services, advanced 2.8 percent to 74.5 Singapore cents. The company said it won a contract, valued at $93.5 million, to charter a vessel to a customer in North America.
Jaya Holdings Ltd. (JAYA SP), a shipbuilder, jumped 9.1 percent to 60 Singapore cents, its highest since June 2011. The company said it’s been approached by IHC Merwede BV, a Dutch builder of dredgers and oil-rig support vessels, to acquire some of the Singapore company’s assets. No definitive agreement has been signed, Jaya said.
PEC Ltd. (PEC SP), a provider of engineering services to the energy and pharmaceutical industries, gained 1.3 percent to 77.5 Singapore cents. OCBC Investment Research reiterated its “buy” rating, saying the company’s recent proposal to buy back its shares will help optimize the use of the company’s capital.
Venture Corp. (VMS SP), Singapore’s biggest publicly traded electronics manufacturing services provider, climbed 2.7 percent to S$7.26. UOB-Kay Hian Holdings Ltd. maintained its “buy” rating, saying earnings will increase this year as the company rolls out new printer products, industrial meters and online transaction equipment for retail stores.
--Editor: John McCluskey
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