Hot stocks: Keppel Land, Resources Prima

KEPPEL Land was hotly traded on Monday morning after announcing an agreement to buy for 381.9 billion rupiah (S$40.2 million) a 4.6-hectare site in West Jakarta, where it plans to develop a high-rise condominium together with shophouses and shop units.

By 10.15am, the counter was trading at S$3.62, up 12 cents or 3.4 per cent. Over 4.3 million shares were traded.

Resources Prima also made it to the top 20 stocks by value, up almost 6 per cent or 0.6 Singapore cent to 10.7 cents. Over 31 million shares were traded. The company had responded to a share price plunge last Thursday and a Singapore Exchange query by saying it remains confident over its long-term growth prospects and business was as usual.