Singapore Hot Stocks-Rig builders drop on lower oil prices

SINGAPORE, March 30 (Reuters) - The benchmark Straits Times
Index .FTSTI fell 3.81 percent as of 0628 GMT on Monday.

The following stocks were on the move:

** SEMBCORP MARINE, KEPPEL CORP FALL ON LOWER OIL PRICES **

Shares of oil rig builders such as Sembcorp Marine
(SCMN.SI) and Keppel Corp (KPLM.SI) fell as much as 10.4
percent and 6.6 percent respectively after oil prices extended
losses below $52 a barrel as investors took profits amid a
bleak demand outlook [O/R].

"With the plunge in oil prices, it gives people a reason to
sell the shares of Sembcorp Marine and Keppel Corp as well as
some of the commodity firms," said a local dealer.

Commodity trader Noble Group fell 6.6 percent while the
world's top palm oil refiner Wilmar fell 3.9 percent.

0628 GMT
(Reporting by Laurence Tan; Editing by Neil Chatterjee)