Shares & Derivatives
SembCorp Marine Won US$450M Rig-Building Contract!
By Dou  •  March 21, 2011

On 21/Mar, Singapore shares end higher Monday as fears on Japan’s nuclear crisis eased.

STI ended higher at 2983.51 (1.6%) with LOW VOL of 1.21 billion shares traded compared with 1.14 billion shares Friday. In the broader market, gainers outnumbered losers 384 to 115.  Today STI rally on good market breath although we would hope higher buying volume for better confirmation of reversal.

Headline in STI

Before market close

DBS Group Holdings Ltd. (D05.SG) has set up a structured debt solution unit as part of the S$250 million five year investment in its treasury and markets business.

After market close

Sembcorp Marine Ltd. (S51.SG) has won a US$450 million contract from Seadrill Ltd. (SDRL.OS) to build a harsh-environment jack-up rig.

K-REIT Asia (K71U.SG) plans to buy four floors of 30-storey Prudential Tower for S$125.1 million.

Noble Group Ltd. (N21.SG) report ...

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By Dou
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