- Joined
- Jul 15, 2008
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read the contradicting reports in such a short interval span:
Keppel Corp Bags S$340 Million Worth Of Contracts
20 Nov 08
Yesterday after markets closed, Keppel Corp announced on the SGX that it has secured S$340 million dollars worth of contracts…
barely 1 week later, we got this:
Keppel Corp - Crude Oil Spiked 7% Overnight
27 Nov 08
Crude oil spikes on stock market rally and China rate cuts
NYMEX crude oil futures spiked 7.2% overnight to close at US$54.44 per barrel.
This came on the back of a strong rally in the U.S equity markets, with the S&P 500 index surging 3.5% overnight and the Dow climbing 2.9%.
Crude oil also rose in early trading after China cut interest rates, boosting hopes that a prolonged slowdown in the world’s fastest growing oil consumer can be avoided (Reuters).
Keppel Corp closed up $0.07 during the pre-close matching period
Keppel Corp traded in negative territory most of yesterday, but strong buying took the stock up $0.07 during the pre-close matching period (5:00 pm to 5:05 pm) to close relatively flat day-on-day at $4.74.
The stock touched a 4 year low of $3.75 a month ago, rebounded 39% to touch a 1 month high of $5.23 two weeks ago before retreating to close at $4.74 yesterday.
today, kepcorp is trading at between 3.76 to 3.92.
Keppel Corp Bags S$340 Million Worth Of Contracts
20 Nov 08
Yesterday after markets closed, Keppel Corp announced on the SGX that it has secured S$340 million dollars worth of contracts…
barely 1 week later, we got this:
Keppel Corp - Crude Oil Spiked 7% Overnight
27 Nov 08
Crude oil spikes on stock market rally and China rate cuts
NYMEX crude oil futures spiked 7.2% overnight to close at US$54.44 per barrel.
This came on the back of a strong rally in the U.S equity markets, with the S&P 500 index surging 3.5% overnight and the Dow climbing 2.9%.
Crude oil also rose in early trading after China cut interest rates, boosting hopes that a prolonged slowdown in the world’s fastest growing oil consumer can be avoided (Reuters).
Keppel Corp closed up $0.07 during the pre-close matching period
Keppel Corp traded in negative territory most of yesterday, but strong buying took the stock up $0.07 during the pre-close matching period (5:00 pm to 5:05 pm) to close relatively flat day-on-day at $4.74.
The stock touched a 4 year low of $3.75 a month ago, rebounded 39% to touch a 1 month high of $5.23 two weeks ago before retreating to close at $4.74 yesterday.
today, kepcorp is trading at between 3.76 to 3.92.
