Singapore Hot Stocks-Olam in focus after selling $300 mln stake

SINGAPORE, June 1 (Reuters) - Olam International (OLAM.SI)
may be in focus on Monday after it agreed to sell 13.8 percent
of its enlarged share capital to state investor Temasek
Holdings for S$437.5 million ($303.2 million).

U.S. stocks rose on Friday, capping their third straight
monthly advance, as rising commodity prices lifted shares of
natural resource companies, while a sliding dollar boosted the
allure of multinationals, including Coca-Cola Co (KO.N).

----------------------MARKET SNAPSHOT @ 0016 GMT
------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 919.14 1.36% 12.310
USD/JPY JPY= 95.37 0.07% 0.070
10-YR US TSY YLD US10YT=RR 3.4937 -- 0.032
SPOT GOLD XAU= 977.6 -0.06% -0.600
US CRUDE CLc1 66.38 0.11% 0.070
DOW JONES .DJI 8500.33 1.15% 96.53
ASIA ADRS .BKAS 110.75 1.10% 1.20
-------------------------------------------------------------
> Commodity shares, Coca-Cola lift Wall Street [.N] >
Rise in risk appetite, US deficit fear slam dollar [USD/] >
Bonds rebound strongly into month end [US/] >
Gold hits $980/oz on dollar slide, fund inflows [GOL/] >
Oil hits 6-month high above $66 on economic hopes [O/R]

Stocks and factors to watch:

-- OLAM INTERNATIONAL (OLAM.SI)

- Olam International said on Monday it has agreed to sell
13.76 percent of its enlarged capital to state investor Temasek
Holdings [TEM.UL] for S$437.5 million ($303.2 million).
[ID:nSIN420474]

Olam said the deal, which would make Temasek the second
biggest shareholder in the commodity company, is aimed to boost
its future growth.

-- SWIBER HOLDINGS LTD (SWBR.SI)

- Offshore oil and gas firm Swiber Holdings announced on
Friday that it planned to raise up to S$73.9 million through a
placement of 84 million new shares. [ID:nSN5T61621]

-- ABTERRA (ABTR.SI)

- Abterra, a trader of coking coal, metallurgical coke and
iron ore, said on Friday that it has acquired a 49 percent
stake in a Chinese coal mine for 188 million yuan ($27.54
million). [ID:nSN5T51711]

- Singapore's benchmark Straits Times Index .FTSTI rose
1.57 percent to 2329.08 points on Friday.

- The Dow Jones Industrial Average .DJI was up 1.15
percent to 8,500.33 points. The Nasdaq Composite Index .IXIC
rose by 1.29 percent to 1,774.33 points.

(Reporting by Candida Ng; Editing by Kim Coghill)