SINGAPORE (May 26): Singapore stocks closed higher on Thursday, helped by the buying of energy shares as oil prices passed the US$50 a barrel mark.

As at 5.04pm, the benchmark Straits Times Index was up 6.65 points or 0.24% at 2,773.31. The broader market saw 975 million shares with a value of $775 million shares traded. There were 207 gainers against 180 losers.

Sembcorp Industries rose 1.1% to close at $2.79 while Sembcorp Marine closed 1.3% higher at $1.56. Shares in the world's largest offshore rig builder Keppel Corp. rose 2.5% at $5.40. Ezra Holdings, which provides offshore services to oil and gas industry, was among the most traded stocks. It was up about 2.9% at 7 cents.

Jason Marine closed 16.2% lower at 15 cents as difficult market conditions resulting from the sharp fall in oil prices pushed the marine electronics system integrator and support services provider into full-year losses of $6 million from earnings of $3.9 million a year ago. Revenue fell 34.1% to $37.2 million.

Artivision Technologies is down 6.9% at 2.7 cents. The provider of advanced video advertising technology saw FY16 net loss widen to $7.8 million from $5.6 million a year ago despite full-year revenue rising 41% to a record $11.3 million.

Metro Holdings is down 3.7% to $1.05. The property group and operator of department stores announced earnings plunged 84.8% to $1.2 million in the fourth quarter ended March 31, 2016, from $7.6 million a year ago.