Kreuz Holdings (5RK.SG) last +6.8% at $0.39 in active trade, building on recent momentum, according to Dow Jones.

Stock up as much as 12.5% since making debut on Thursday with $0.27 IPO price. “The stag sellers seem to have exited,” local house dealer says, referring to IPO subscribers offloading their shares shortly after debut, “those still buying are likely the serious investors willing to hold for the longer term.”

Immediate resistance at $0.40. Unit of Swiber Holdings (AK3.SG) raised $19.2 million in IPO 5.7x subscribed; Kreuz carries out inspection, repair, maintenance work for offshore oil & gas production and pipeline facilities.