Valuetronics drops 8 per cent; brokers maintain 'buy' calls

Singapore

AFTER a general uptrend for years, Valuetronics drew a query from the Singapore Exchange when it plunged 25 per cent over the last two days. On Friday, it fell six cents or 8 per cent to close at S$0.68 with some 28.8 million shares traded, making it one of the most actively traded stocks on the Singapore bourse for the day. It fell to a low of 64 cents in intra-day trading before recovering slightly.

Citing unusual price movement in its shares, the Singapore Exchange (SGX) issued a query to the electronics manufacturing services provider at around 1pm.