Hot stock: GLP up 1.83% at S$2.79

SHARES of mainboard-listed Global Logistic Properties (GLP) on Thursday morning rose by some 1.83 per cent to a high of S$2.79 after a short-lived dive to S$2.72 from its opening price of S$2.74.

As at 11.50am, over 365 million shares had changed hands, making it the most actively traded stock on Singapore Exchange.

On Monday, GLP told Bloomberg it will look to double assets it manages in the United States - adding between US$5 billion and US$10 billion from the current US$8 billion - after its acquisition of warehourse IndCor Properties from The Blackstone Group for US$8.1 billion in February.