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Buoyant en bloc market lifts CDL, UOL

CDL racks up second-highest trading value of the day, UOL joins the ranks of the top 5 gainers

Published Fri, Oct 6, 2017 · 09:50 PM

Singapore

CITY Developments Limited (CDL) and UOL Group enjoyed a bump in share price and trading activity on Friday, driven by a buoyant en bloc market that some observers think is sustainable.

On Friday, CDL hit a high of S$11.68 before closing at S$11.60, up 1.67 per cent from Thursday, with about 5.6 million shares worth S$65.3 million changing hands. CDL's average three-month volume is 1.7 million shares.

The stock finished second in terms of value, after Singtel…

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