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Hot stock: Swee Hong up by as much as 57% to S$0.022, says unaware of reason behind heavy trading
SWEE Hong shares rose by as much as some 57 per cent to S$0.022 on Monday, making it the second most actively-traded stock as at 11.01am and prompting a query from Singapore Exchange on its trading activity.
In response, the mainboard-listed civil engineering contracting firm said that it is not aware of any information not previously announced or any other possible explanation for the trading.
Swee Hong shares were up by 35.71 per cent and trading at S$0.019 as at 11.05am. Over 151.9 million shares had changed hands.
The counter opened at S$0.015 on Monday, up 0.1 Singapore cent from its previous close of S$0.014.