Bloomberg News

Singapore Stocks: Biosensors, Neptune Orient Lines, Swiber

March 26, 2012

Singapore’s Straits Times Index (FSSTI) gained 0.8 percent to 2,998.22 as of 11:11 a.m. local time. All but four 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.

Biosensors International Group Ltd. (BIG) , 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, rose 2.2 percent to S$1.405. 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) climbed 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


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus