Surprise late surge in Suntec Reit trading volumes

Singapore

SOME dealers were taken aback on Tuesday when transactions involving a huge volume of 129.3 million units in Suntec Reit took place just minutes after the 5pm normal closing, sending the counter to the top of the most active stock list.

In all, 180.2 million units changed hands - nine times Monday's trading volume. The unit price, too, rose three cents to hit a one-year high of S$1.935 - the same price at which the surprise trades were done during the adjustment period after normal closing.