Tuesday, April 24, 2007

Singapore's Stocks Advance, Led by Keppel and Cosco on Ship Contracts

(Bloomberg) -- Singapore's stocks advanced. Keppel Corp., the world's biggest rig-builder, climbed after receiving orders to convert tankers into oil production vessels. Cosco Corp. rose after it clinched contracts to build bulk carriers.

The Straits Times Index rose 9.15, or 0.3 percent, to 3383.67 at 9:18 a.m. local time. About three stocks climbed for each one that declined. April futures gained 0.6 percent to 414.9.


Read more at Bloomberg Stocks News

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