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Hot stock: Ezion leads oil and gas plays lower as crude continues slide
OIL and gas stocks, led by Ezion Holdings, continued to tumble on Monday amid ongoing weakness in crude prices.
Ezion, which charters offshore vessels, was the most active counter at mid-day with 46.3 million shares changing hands. The stock was down 11.7 per cent, or 15.5 Singapore cents, at S$1.17 as at 2.04pm.
Mirach Energy, an oil and gas exploration and production outfit, fell 14.4 per cent, or 1.7 Singapore cents, to trade at 10.1 Singapore cents.
Among the blue chips, Keppel Corp slipped 3.7 per cent, or 33 Singapore cents, to trade at S$8.67, while Sembcorp Marine fell 3.5 per cent, or 11 Singapore cents, to S$3.02.
The FTSE ST Oil and Gas index read 569.91 at 2.04pm, down 27.42 points or 4.5 per cent, while the broader Straits Times Index was down 0.5 per cent, or 16.35 points, at 3,334.05.