Singapore shares closed higher on Tuesday. The 30-share ST Index ended up 7.89 points, or 0.27%, at 2,958.82. Volume was 2.21 billion shares valued at $1.31 billion. Here are some stocks and factors to watch:
Olam International says short seller Carson Block’s comments were intended to create ‘panic’. The company regained ground in New York over-the-counter trade, climbing 14% to US$1.25 at the close yesterday after plunging 21% the day before. It closed down 7.5% in Singapore yesterday at $1.61, the lowest since May 16.
Loyz Rex Drilling Services LLC, a unit of Loyz Energy, has agreed to buy two drilling rigs from JT Consultancy for US$26 million.
Neptune Orient Lines says its wholly owned subsidiary in the US, APL Logistics Americas, has on Nov 19 acquired the Los Angeles-based US Customs brokerage and trade compliance firm Carmichael International Service for US$37 million.
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