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SGX maritime & offshore index rebounds nearly 20% from trough

SGX update says this may be an indication that the sector could be bottoming out

Published Thu, Feb 2, 2017 · 09:50 PM

Singapore

THE Singapore Exchange (SGX) Maritime & Offshore Services (MOE) Index, comprising 18 constituent stocks in the sector, has rebounded 19.7 per cent in tandem with the recovery of crude oil prices.

SGX said in its market update released on Thursday that the rebound from the index's trough on Sept 1 may be an indication that the MOE sector could be bottoming out.