Small and mid-cap companies such as Albedo Ltd and YHM
Group Ltd dominated the list of most actively traded
stocks in Singapore on Tuesday, with the broader index little
YHM Group, controlled by Singapore-based offshore oilfield
service firm Ezion Holdings Ltd, rose 12 percent to
S$0.064, up for the fourth day in a row. On Monday, the company
said it had won a contract worth about $183 million to provide a
The main Straits Times Index eased 0.1 percent to
3,210.1 in thin volume, with 70.4 million shares traded, about a
quarter of its 30-day average full-day volume. The index is
trading just below a seven-week high hit last week.
Asian stocks markets were mostly under water and currencies
dithered in recent ranges.
Shares in Sembcorp Marine Ltd dipped 1.1 percent.
Brokerage CIMB issued an upbeat report on the company after a
tour of its integrated yard in Singapore.
"Given the keen competition from China and Korea, we think
that Sembcorp Marine will sharpen its rig-building capabilities
by consolidating its repair, conversion and offshore work at
this new yard and better utilise its existing yards for
rig-building," CIMB said in the report.