Singapore’s benchmark Straits Times Index (.FTSTI) fell 0.33% to close at 2,736.17 points yesterday. US stocks rose on Monday as better-than-expected data on the manufacturing sector and earnings from Exxon Mobil boosted sentiment. Here are some SGX stocks that may see heavy trading today, say business news wires.
Rigbuilder Keppel Corp (KPLM.SI) will be in focus of investors’ radar today after it announced a US$1 billion ($1.4 million) project in Brazil yesterday, say Thomson Reuters.
Keppel, the world’s biggest oil rig builder, said on Monday it has won a $1 billion contract with a joint venture partner to build and operate a rig platform in Brazillian waters.
The contract is Keppel’s largest rig deal in over two years and will bolster the firm’s order book, which has been falling over the past year and stood at US$5.6 billion ($7.9 billion) at end-December.