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Good performance by shipping stocks

UNDER the Industry Classification Benchmark (ICB), there are three stock sectors related to the freight and bulk commodities business. They are the oil equipment and services, commercial vehicles and trucks, and marine transportation sectors.

Of the 57 primary listings on the Singapore Exchange (SGX) which are categorised in these three sectors, 11 stocks have a market capitalisation of at least S$1 billion. These 11 stocks averaged a price gain of 3.1 per cent year-to-date as at July 29, not including...

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