Shares of Yangzijiang Shipbuilding (Holdings) Ltd
rose as much as 6.5 percent on hopes that improving Chinese
trade data would translate into more orders in the longer term.
China said on Thursday its exports grew 14.1 percent in
December from a year ago to hit a seven-month peak, handsomely
beating market expectations of a 4 percent rise.
"Shipping related stocks are in play because of the good
Chinese trade data. With better trade, shipping could improve,
which could in turn benefit the shipbuilders," said a local
Yangzijiang shares climbed 5.1 percent to S$1.135, while
rival COSCO Corp (Singapore) Ltd was up 5.1 percent at
S$1.035. Both were the third and fourth most actively traded
stocks by value.
Container shipping firm Neptune Orient Lines Ltd
gained 0.4 percent, extending Thursday's 7 percent gains.
Hutchison Port Holdings Trust, which operates ports in
China, rose 3 percent to S$0.845.
0950 (0150 GMT)