Rex International shares up 52.5% on oil discovery

Singapore

A "SIGNIFICANT" oil reservoir discovery by a Norwegian oil drilling firm has helped lift Catalist-listed Rex International Holding's share price by 52.5 per cent at the close of trade on Tuesday.

Its shares were up 2.1 Singapore cents at 6.1 Singapore cents at the closing bell, with its 41.56 million shares traded putting it among the top five counters traded by volume.