Hot stock: GLP up 1.83% at S$2.79
SHARES of mainboard-listed Global Logistic Properties (GLP) on Thursday morning rose by some 1.83 per cent to a high of S$2.79 after a short-lived dive to S$2.72 from its opening price of S$2.74.
As at 11.50am, over 365 million shares had changed hands, making it the most actively traded stock on Singapore Exchange.
On Monday, GLP told Bloomberg it will look to double assets it manages in the United States - adding between US$5 billion and US$10 billion from the current US$8 billion - after its acquisition of warehourse IndCor Properties from The Blackstone Group for US$8.1 billion in February.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%