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Update: SGX queries three firms over spike in share prices, volumes

Friday, March 11, 2016 - 10:59

SPIKES in the share prices amid unusually large volumes of trade across three counters on Friday drew queries from Singapore Exchange (SGX). The counters are renewable-focused ecoWise Holdings, nylon fibre maker China Sky Chemical Fibre and waste gas treatment provider China Environment.

UPDATE: China Environment and ecoWise respond to SGX queries

ecoWise shares opened at S$0.037 and surged to S$0.050 as at 10.55am, with over 55 million shares changing hands. The stock closed at S$0.034 on Thursday.

China Sky traded at S$0.045, up S$0.007, as at 10.55am, with almost 16 million shares transacted. The counter closed at S$0.038 on Thursday.

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China Environment gained two cents or over 30 per cent to S$0.077 as at 10.55am, with over 69 million shares traded on the counter. It closed at S$0.059 on Thursday.

Note:The number of shares were wrongly stated in thousands and should have been in millions. We apologise for the errors. 

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