Monday, July 16, 2007

Singapore Stocks Climb to a Record; Labroy, Keppel Advance on Oil Price

(Bloomberg) -- Singapore's stocks rose, leaving the
Straits Times Index set for a record. Labroy Marine Ltd., a
builder of ships and oil rigs, paced gains after it won
contracts and crude prices reached an 11-month high.

The Straits Times added 9.07, or 0.3 percent, to 3662.30 as
of 9:16 a.m. local time, after sliding less than 0.1 percent
yesterday from a high. Almost four stocks climbed for each one
that fell among the measure's 49 members. The July futures
contract was little changed.


Read more at Bloomberg Stocks News

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