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Hot stock: Offshore marine stocks in play; Ezra most actively traded

Monday, February 29, 2016 - 14:22

SHARES of Ezra Holdings were in active play on Monday, joining the rally among offshore marine stocks on hopes that oil has reached a bottom.

Ezra gained 0.3 Singapore cents, or up 4.9 per cent, at 6.4 Singapore cents. It was the most actively traded counter, with about 138 million shares changing hands.

Shares of other marine companies were also up on active trading. Vard Holdings gained two Singapore cents to S$0.157, Vallianz Holdings rose 0.1 Singapore cent to S$0.044, and Nam Cheong was up 0.3 Singapore cent to S$0.101.

As at 1.54pm Singapore time, crude oil futures for April delivery was up 0.06 per cent at US$32.80.

Keppel Corporation gained one Singapore cent to S$5.17. Sembcorp Marine fell three Singapore cents to S$1.515, though this follows a large run-up in recent weeks in the stock, on speculation that it will be taken private.

sentifi.com

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