Singapore's Straits Times terkerek 0.8% to 2759.13
Stock Report August 11th, 2009
Singapore’s Straits Times Index terkerek 0.8% to 2759.13 at 10:27 am local time. A total of four stocks rose on the index member 30 for every one who is weakening.
Shares in the index traded at 14.8 times estimated earnings, compared with about 10 times in early 2009, said data collected by Bloomberg.
Boustead Singapore Ltd. (BOCS SP), engineering company, rose 2.5% to 81 cents Singapore, Frasers Commercial Trust (FCOT SP) rose 3.3% to 15.5 Singapore cents.
Keppel Corp. (KEP SP) rose 1.3% to S $ 8.65. The company said the unit Keppel Fels Ltd. him with J. Ray McDermott wins contract worth U.S. $ 1 billion for the construction of rigs for oil exploration venture company Petroleo Brasileiro SA and Chevron Corp..
Tiger Airways Holdings Ltd (TGR SP) climbed 2.1% to be S $ 1.48. The company said third-quarter passenger volumes rose 54% compared to last year, so the average load factor up to 88% from 83% a year earlier
