Broadway shares jump 24.5% in intra-day trading on proposal to sell hard disk business
Precision manufacturer's shares jump to intra-day high of 12.2 Singapore cents before closing at 11.6 Singapore cents
Singapore
SHARES of Broadway Industrial Group surged 24.5 per cent on Friday after the company announced it has taken another step in its plan to dispose of its hard disk drive business.
The precision manufacturer's shares jumped to an intra-day high of 12.2 Singapore cents at 1.06pm, 2.4 cents or 24.5 per cent higher than Thursday's closing price of 9.8 cents. The counter closed at 11.6 Singapore cents on Friday, up 1.8 cents or 18.4 per cent.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Shell exits China power market businesses
DuPont beats profit estimates, raises full-year forecasts
Binance founder Zhao Changpeng gets four months in prison
Apple set for big sales decline as investors await AI in iPhones
Microsoft, Brookfield to partner on renewable energy projects
UK house prices fall again after mortgage rates creep higher