Singapore Exchange listing buzz lifts Mercator Lines to outperform key indices

While there was a buzz that the company intends to list its subsidiary on the Singapore Exchange ( SGX), the stock was also driven by market talk that the subsidiary was planning to acquire substantial coal assets in a South-East Asian country.

Company officials could not be reached for comment on the market speculation. Mercator Lines shares climbed to an intra-day high of 27.7, before ending with a 2.7% gain at 26.8 on the BSE.