Jacky Cheung’s concert cited as possible reason behind Unusual’s unusual trading activity

Janice Lim

Published Tue, May 2, 2023 · 10:16 PM

EVENTS company Unusual Limited : 1D1 0% has been seeing some unusual activities in the trading of its stock.

Its shares rose 13.6 per cent or S$0.022 to close at S$0.18 on Tuesday (May 2).

In response to queries from the Singapore Exchange on possible factors behind its unusual trading activities, the company replied via a bourse filing on Tuesday that the response to ticket sales for an upcoming concert by Cantopop singer Jacky Cheung has been overwhelming.

“Other than this, the company is also not aware of any other possible explanation for the unusual price and volume movements in the trading activity of the company’s shares,” read the filing.

Over the course of last week, Unusual’s share price was also steadily rising, with prices going up by 14.1 per cent between Apr 26 and Apr 28, closing at S$0.16 at the end of last week’s trading.

Prior to this, trading activity of the Catalist-listed company’s shares have generally been quite muted, with prices usually hovering at S$0.14.