SINGAPORE (Feb 29): The Singapore market inched up at the close on Monday, amidst mixed trading in Asian markets.
The Nikkei 225 and KOSPI Indices slipped 1% and 0.18% respectively, while the Hang Seng Index shed 1.3%. Meanwhile, the Shanghai and Shenzhen Composite Indices posted respective slides of 2.86% and 5.37%.
The Straits Times Index (STI) ended the day 0.65% higher at 2,666.51, after trading between 2,638.75 and 2,667.83. Market breadth was positive. Excluding warrants, gainers outnumbered decliners 196 to 187.
A total of 1.5 billion shares worth about $2.6 billion changed hands, giving an average of $1.74 per share for the entire market.
Ezra Holdings, Spackman Entertainment Group, mDR, The Stratech Group, and Technics Oil & Gas were among the most actively traded counters.
Among STI components, Hutchison Port Holdings Trust leapt 6.8% to 47 US cents, while ST Engineering surged 4.9% to $2.99. Meanwhile, Yangzijiang Shipbuilding slipped 3.7% to 90.5 cents, while Noble Group shed 2.8% to 34.5 cents.
Technics Oil & Gas soared 27.8% to 13.8 cents. The specialist engineering service provider to the oil and gas industry was queried by the Singapore Exchange over unusual trading activity in its shares. The company announced after market close that it has appointed Tay Mian Cheo as the executive chairman.
mDR leapt 25% to 0.5 cent. The provider of after-market services for mobile communication and high-tech consumer products last Friday registered earnings of $1.4 million for 4QFY2015 ended Dec, rebounding from a loss of $6.5 million in the corresponding quarter a year ago.
Spackman Entertainment Group slipped 6.5% to 13 cents. The entertainment production group last Friday narrowed its loss from US$8.0 million in FY2014 to US$1.1 million in FY2015.
ST Engineering surged 4.9% to $2.99. The diversified engineering services provider last Friday posted a 1% y-o-y dip in earnings to $529 million on a 3% decline in revenue to $6.3 billion for FY2015 ended Dec.
Rex International Holding climbed 2.5% to 8.2 cents. The oil production and exploration company’s 61.76%-owned unit Masirah Oil announced that the drilling of exploration well Manarah-1 in Block 50 Oman has started on Feb 21.
Yangzijiang Shipbuilding slipped 3.7% to 90.5 cents. The shipbuilding and offshore engineering company last Friday posted a 93% y-o-y plunge in earnings to RMB 41.5 million for 4QFY2015 ended Dec.