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Singapore Hot Stocks-SembMarine up on second rig for Atwood
Reuters - Saturday, July 5
SINGAPORE, July 4 - Rig-builder Sembcorp Marine <SCMN.SI> jumped as much as 2.4 percent on news that it will build a second rig for Atwood Oceanics Pacific <ATW.N>.
Shares of Sembcorp Marine rose to a high of S$4.28 with more than 3 million shares changing hands.
U.S. drilling firm Atwood Oceanics Pacific <ATW.N> said on Friday it had exercised an option to construct a second deepwater semi-submersible rig with its Jurong Shipyard unit.
0803 GMT - Straits Times Index <.FTSTI> was up 0.08 percent.
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