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Hot stock: Oil & gas stocks fall amid fears of Swiber knock-on effect

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SHARES of oil-and-gas counters continued to be battered on Friday, as fears from Swiber Holdings' decision to wind up the company make their rounds.

Ezra Holdings was the most actively traded counter on Friday, with its shares falling 0.2 of a Singapore cent or 3.8 per cent to S$0.05. Some 95.58 million shares changed hands. Ezra said on Thursday it does not have any business dealings with Swiber.

Shares of Ezion Holdings also fell on Friday, down 4.76 per cent or 1.5 cents to S$0.300. It was also among the day's most actively traded stocks.

Sembcorp Marine lost 2.5 Singapore cents to S$1.41 after earnings plunged 90 per cent for the second quarter, as revenue dropped by a quarter, and finance costs and other non-operating expenses grew.

Keppel Corporation lost seven Singapore cents, to S$5.25.

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Vallianz Holdings gained ground on Friday, after a heavy selldown on Thursday. It was up 0.1 Singapore cent to S$0.022. Swiber has a controlling stake in Vallianz.

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