Singapore

SHARES in Triyards, which fell one cent to S$0.415 on Friday despite an overnight announcement of shipbuilding contracts worth US$45.5 million, more than made up for it on Monday.

The stock closed at S$0.435, up two cents or 4.8 per cent, in what could be a belated reaction to its contract win. Triyards opened at S$0.41 on Monday, extending losses from a Friday close of S$0.415, but rebounded within the first hour of trading. The oil and gas-linked stock resisted pressure from a broad market slide and the continued weakening of Brent oil prices.