Shares & Derivatives
NOL July 30-Aug 26 Average Freight Revenue Down 20% On Year!
By Dou  •  September 19, 2011

On 19/Sept, Singapore shares ended lower as concerns heighten on the lack of progress in resolving Europe’s debt problems over the weekend.

STI ended lower at 2756.23 (1.1%) with LOW VOL of 1.03 billion shares traded compared with 1.37 billion shares Friday. In the broader market, losers outnumbered gainers 347 to 108. Today STI undergo heavy selling pressure as the market sentiment reverse sharply over the weekend.

Headline in STI

Before market close

Tiger Airways Holdings Ltd. (J7X.SG) shareholders has approved a plan to raise S$158.6 million through rights issue.

After market close

Neptune Orient Lines Ltd. (N03.SG) average revenue per 40-foot equivalent unit, or FEU, for the July 30-to-Aug. 26 period fell 20% to US$2,559 per FEU versus US$3,181 per FEU a year earlier

STX OSV Holdings Ltd. (MS7.SG) has secured shipbuilding contracts worth a total of about US$132.5 million ...

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By Dou
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