Stocks to watch: SGX, Oiltek
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Sep 11):
Singapore Exchange (SGX) reported a 35% increase in daily average value in August, driven by retail interest in real estate investment trusts and small to mid-cap stocks, alongside a record-breaking rally in the Straits Times Index. The month saw a 29% rise in securities market turnover to S$43.3 billion. SGX shares closed at S$24.68 on Thursday, down 0.4% or S$0.10.
Meanwhile, Oiltek shares rose 1.4% to S$1.46 on Thursday, following a 6% increase in oil prices due to attacks on tankers, causing fears of further disruptions to tight oil supplies. Brent crude futures reached US$107.63 a barrel, while WTI surpassed US$100 a barrel for the first time since May.
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