Tale of 2 stocks: Sembcorp jumps 37% on demerger, Sembmarine dives 27%

Singapore

INVESTORS on Tuesday cheered Sembcorp Industries (SCI)'s decision to sever ties with its troubled marine unit, but were less enthusiastic about the prospects for Sembcorp Marine (SMM).

SCI shares soared 36.6 per cent or S$0.56 to finish Tuesday at a four-month high of S$2.09, with nearly 90 million shares traded.