Shares end higher - but on low volume
Excluding trading in STI stocks, the average value per unit done was firmly in penny stock territory
A MODEST rise in the Dow futures and a firm session in Shanghai on Thursday helped put 12.41 points on the Straits Times Index at 3,038.11. Turnover however, was a poor 1.2 billion units worth S$680.7 million of which 175.4 million worth S$412.6 million was done in the 30 StraitsTimes Index components, which meant that the remaining 700+ stocks contributed only S$268 million or 39 per cent of total volume.
Excluding trading in STI members, the average value per unit done was S$0.26, firmly in penny stock territory. Of the 20 most active stocks, 17 were priced below S$0.20. Stratech Group, which headed the actives …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
US: Wall St opens higher as some chip stocks bounce back after selloff
Blackstone reports 1% rise in Q1 earnings