Viking jumps on plans to enter rig business

INVESTORS yesterday gave a nod of approval to Viking Offshore & Marine's plans to enter the mainstream offshore rig-building and rig-charter market.

The group was the top stock traded on Singapore Exchange yesterday in terms of volume and percentage gained; it was also among the top five in terms of value.

Viking closed at 13.3 cents, up 62.2 per cent or 5.1 cents from its previous day close of 8.2 cents.