Hot stock: CapitaLand Ascott Trust falls on heavy trade after acquisition, fundraising news
STAPLED securities of CapitaLand Ascott Trust : HMN 0% (Clas) fell on Thursday (Aug 3) morning, as the stapled group began trading ex-dividend and distribution, following the results of its recent fundraising exercise.
As at 10.18 am, its stapled securities were down as much as 5.7 per cent or S$0.0622 to S$1.03, from the stapled group’s adjusted closing price of S$1.0922 on Tuesday, ahead of the trading halt on Wednesday morning.
Without adjustments, the counter was down 8 per cent or S$0.09 from Tuesday’s closing price. It later recovered to trade at S$1.04 as at 1.26 pm, down 7.1 per cent or S$0.08 from Tuesday’s close.
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