Index on balance with Rigbuilders Weigh : SGX LIVE

With the increase in losses of world's two largest rigbuilders, Keppel Corp Ltd and Sembcorp Marine Ltd, SGX Equity keep small change.

Again Straits Times Index keeps fix value, whereas MSCI's broadest index down with 0.2%.

On tuesday, Keppel Corp was well traded in SGX Market. Oil Rig Builder's shares down 1% og two month low of S$ 11.22. It keeps worst result now. Approx 3.9 Million Equity were traded over last 30 Days.

There was also underperformed role in market by Keppel's rival Sembcorp Marine. It keep 16 % of S$4.40, the lowest in a month.

"The drop in share prices could be seen as the profit-taking phase for the offshore and marine sector," a trader said.

Index Static, CapitaLand Rise up 1 Week High

SGX Equities got slightly change, as Investors focused on debt by Cyprus & deteriorating economic activity in the euro zone.

On Today, Straits Times Index as well as MSCI index remain static.

CapitaLand Ltd, Properyt Developer, performed well and traded widely by Friday value onwards. Equity gain 2% to a 1 week high about S$3.57.

Nomura inform that "Based on buyers' response to the new launches in March so far, it appears the latest measures have yet to dampen buyers' interest in the pre-sale market. There is scope for more policy changes, given the pre-sale market is still relatively robust. We expect secondary transaction volume to remain relatively low."

Its top pick among the developers is CapitaMalls Asia Ltd , while it remain cautious on City Developments Ltd.