Rig builders outperform

Singapore shares climbed higher, with rig builders Keppel Corp and Sembcorp Marine  advancing after brokers issued upbeat notes following contract wins.

The FT ST Oil & Gas index gained 1.2%, outperforming a 0.4% rise in the Straits Times Index.

Keppel rose 1.3% and Sembcorp Marine edged up nearly 1%. Keppel was the second highest traded stock by value in the Singapore market.