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Hot stock: Sinarmas Land shares up 5%; SGX issues 'trade with caution'

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This was issued on Tuesday after Sinarmas said a day earlier it was unaware of any reason that precipitated a 17.8 per cent drop in share price between March 12 and 16.

SHARES of Sinarmas Land surged 5 per cent in early-morning trading on Tuesday, even as Singapore Exchange assigned a "trade with caution" on the stock.

This was issued on Tuesday after Sinarmas said a day earlier it was unaware of any reason that precipitated a 17.8 per cent drop in share price between March 12 and 16.

The stock gained 3.5 Singapore cents as at 9.49am on Tuesday to trade at S$0.74.

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