Oil and gas play heats up in October: SGX

Singapore

IN THE current quarter to date, the three best-performing energy/oil & gas-related stocks with market cap above S$100 million averaged a total return of 105.3 per cent, the Singapore Exchange (SGX) said in a research note on Tuesday.

The three stocks were Rex International (+144.9 per cent), PACC Offshore Services (POSH) (+115 per cent), and Mermaid Maritime (+56.1 per cent). This brings their year-to-date total return to 95.7 per cent, SGX said.

Overall, SGX's energy/oil & gas sector generated a total return of 7.6 per cent in October, the second straight month of positive returns after September's +0.3 per cent, and a reversa…