Hot stocks: Tiger, SIA surge amid drop in oil prices
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SHARES of airlines rose in early trading on Monday as oil prices fell sharply.
Tiger Airways Holdings surged 6.5 per cent, gaining two Singapore cents to S$0.330, as at 11am. Some 27 million shares changed hands.
Its peer Singapore Airlines (SIA) also made gains, with its shares rising 19 Singapore cents to S$11.81, up 1.6 per cent.
US crude fell more than 2 per cent to a six-year low on fears over oil storage constraints in the United States, a Reuters report said. The dollar has also hit new highs.
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