Sembmarine shares buoyed by US$1.3b sale of jack-up rigs

Singapore

SEMBCORP Marine's share price rose on expectations that the US$1.3 billion sale of nine jack-up drilling rigs to Borr Drilling would bolster the yard group's balance sheet.

The stock closed at S$1.815 on Monday, up eight cents or 4.6 per cent. Over 19.6 million shares changed hands compared to a three-month average trading volume of 3.6 million shares.