Hot stock: SPH climbs 10.5% on heavy volume, hits four-month high

AS rumours of corporate restructuring swirled in the market, shares of Singapore Press Holdings T39 advanced on Friday amid active trading, prompting a query from the bourse operator.

They surged 10.5 per cent or S$0.11 to hit S$1.16 at around 11.08am, according to Shareinvestor data. The last time the counter closed at such levels was in late July this year. The stock sustained its rally on Friday afternoon, jumping to S$1.23 on a cum-dividend basis as at 3.38pm, up 17.1 per cent from Thursday's close.

Some 69.5 million shares had changed hands by then, making the counter the second-most traded by value on the Singapore bourse, and fifth by volume.