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Thursday, March 10, 2016

Sembcorp Marine, Pacific Healthcare Holdings

The following stocks may be in focus today:

Sembcorp Marine has increased its stake in Norway-based Gravifloat AS to 56%, which it intends to fully acquire eventually.

Pacific Healthcare Holdings says it and its subsidiary, Pacific Healthcare Nursing Home, have been sued over an alleged $500,000 loan and a payment worth $1.78 million over a terminated sale of two units.

Markets

U.S. stocks rose in low volume on Wednesday, led once more by the direction of the price of oil and energy sector shares. The Dow Jones industrial average rose 36.26 points, or 0.21%, to 17,000.36, the S&P 500 gained 10 points, or 0.51%, to 1,989.26 and the Nasdaq Composite added 25.55 points, or 0.55%, to 4,674.38.

The Singapore market finished stronger on Wednesday. The Straits Times Index ended the day 1.14% higher at 2,810.43, after trading between 2,770.26 and 2,813.64. Market breadth was positive. Excluding warrants, gainers outnumbered decliners 243 to 147.


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