The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses and share prices are from the previous close. Singapore’s Straits Times Index decreased 2.6% to 2,720.53.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, fell 4.4% in New York yesterday, extending its decline for a second day.
Noble Group (NOBL SP), a Hong Kong-based supplier of energy, food and mining commodities, dropped 3.8% to $1.505. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, sank 4.7% to $2.45.
KS Energy (KST SP): The maker of drilling equipment for oil explorers said its KS Drilling Pte unit won a contract, valued at US$14 million ($18.2 million), from BP Pakistan Exploration & Production Inc. The stock slid 2% to $1.
Marco Polo Marine (MPM SP): The shipping and shipbuilding company said it won a contract, valued at $10.5 million, to build five barges for an associated company. Marco Polo lost 2.5% to 39 cents.
Swiber Holdings (SWIB SP): The provider of offshore logistic services said it won a contract, valued at US$155 million, for the construction of a pipeline in South Asia. Swiber dropped 2.9% to 50.5 cents.
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