Wednesday, 21 November 2012

Yahoo! Philippines News - Latest Philippines News & International News Headlines: STOCKS NEWS SINGAPORE-Shares up at midday; rigbuilders lead gains

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STOCKS NEWS SINGAPORE-Shares up at midday; rigbuilders lead gains
Nov 22nd 2012, 05:37

Singapore shares climbed by midday, extending their gainsfor the fourth consecutive session, led by rigbuilder SembcorpMarine Ltd, as firm Chinese manufacturing data raisedhopes global growth could be improving. Sembcorp Marine was the biggest gainer on the STI, rising3.3 percent to S$4.39, while larger rival Keppel Corp rose 3 percent to S$10.58. J.P. Morgan said the outlook for rig building orders remainsstrong with more orders from Brazil likely. It expects Singaporeoffhshore and marine stocks to outperform the broader marketgoing into early next year, helped by easing concerns ...

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