Singapore share prices ended 1.4% lower on Tuesday, in line with weaker Asian markets and trailing a poor Wall Street showing overnight. The blue-chip Straits Times Index (STI) fell 44.58 points to end at 3,128.75, extending losses after falling for three straight sessions. Here are some stocks and market-related news which could impact the local market this Wednesday morning:
The National Shipping Company of Saudi Arabia (Bahri) has signed a memorandum of understanding with Saudi Aramco and Singapore’s Sembcorp Marine to conduct a feasibility study for a maritime yard project in the Kingdom of Saudi Arabia.
Oilfield service firm Ezion Holdings has issued $60 million of notes due 2018 with an annual interest rate of 4.60%, under its $500 million multicurrency debt programme. The proceeds will be used for general corporate purposes, the company said.
Keppel FELS, a subsidiary of Keppel Corp, has won a contract worth US$280 million ($357 million) from Floatel International to build its fifth accommodation semisubmersible for delivery in the fourth quarter of 2015.