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Hot stock: OSIM gets queried after stock price tumbles for second day

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OSIM International has been queried by the Singapore market regulator after its share price continued to tumble for the second day in a row - PHOTO: OSIM

OSIM International has been queried by the Singapore market regulator after its share price continued to tumble for the second day in a row.

Kelvin Koh, vice president and head of surveillance at the Singapore Exchange, queried the company on the unusual price movements in OSIM's shares recently.

Shares of the company, known for its luxurious massage chairs, fell 4 per cent on Tuesday and another 4 per cent on Wednesday morning.

At 12:30pm on Wednesday, OSIM was trading around S$2.31, down 12 cents, or 5 per cent. More than 3.5 million shares changed hands.

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