Oil plays extend active trading as prices surge on supply fears
RH Petrogas up 24% on news of US, Europe exploring Russian oil embargo, delay in return of Iranian crude
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SHARES of oil plays on the Singapore Exchange saw brisk trading on Monday (Mar 7), as oil prices continue surging to near their all-time high levels since 2008.
Rex International was up as much as 11.5 per cent, or S$0.05, to reach an intraday high of S$0.485, with the counter seeing some 95.3 million shares changing hands during the day. Sembcorp Marine (Sembmarine) traded as high as S$0.097, up 6.6 per cent or S$0.006, with 283.7 million shares traded.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report