OIL-RELATED counters were in play on Monday, as oil prices gained on hopes that output reductions by oil producing nations would ease the supply glut that has plagued the sector.
Shares of Keppel Corp gained 24 cents to S$6.17, while Sembcorp Marine added 5.5 cents to S$1.505, as at 9.48am.
Among second-liners, Ezra Holdings put on 0.2 cents to S$0.046.
Meanwhile, KrisEnergy gained one cent to S$0.21, buoyed in part by the approval of a bond restructuring plan on Friday.
This meant the company would be able to access the remaining US$35 million bridge facility on its revolving credit facility. KrisEnergy will also be able to tap S$140 million from the preferential offering of zero coupon secured notes due 2024, which come with up to 1.25 billion warrants.
Another SGX Market Hot Stock of the Day :
- SEMBCORP MARINE
- KEPPEL
- GREAT EASTERN
- BOUSTEAD
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