SIA, Tiger go up as oil price goes down

Singapore

SHARES in Singapore Airlines (SIA) and budget carrier Tiger Airways both rose in trading on Monday as oil prices slumped.

Tiger was the fifth most heavily traded stock by volume, with some 33.67 million shares changing hands. The counter traded at an intraday high of 33.5 Singapore cents. It finally ended the day's trading at 32.5 cents, up 1.5 cents or 4.8 per cent. Meanwhile, SIA closed at S$12.03 - up 41 cents or 3.5 per cent - after easing from the day's high of S$12.04.