All eyes on Ezion's moves to quell market jitters

Singapore

EZION Holdings' call for a trading halt before market opened on Thursday fuelled speculation over the company's next moves to quell market jitters before the release of its second- quarter results.

Analysts have once touted Ezion as a safer bet in the beleaguered offshore and marine (O&M) sector. But the stock tumbled to a 52-week low of S$0.197 on Tuesday after opening at S$0.225, a sign of weakened investor confidence in the counter ahead of the expected release of its second-quarter financial results. More than 42.3 million shares changed hands in Ezion on Tuesday, compared to a three-month average of 12.11 million shares.