Keppel shares hit 11-month high on Brazil rig deal

Shares of Keppel Corp rose as much as 3.2% on Friday to an 11-month high after the world's largest rig builder said it signed a letter of intent to design and build five rigs for Sete Brasil in a deal worth US$4.12 billion ($5.1 billion). Keppel was up 3.1% in early trade at $11.59 on volume of 1.4 million shares.