Hot stock: LS 2 Holdings surges over 90%, prompting SGX query

SHARES of cleaning services company LS 2 Holdings rose steadily on Tuesday (Oct 18) morning amid heavy trading, triggering a Singapore Exchange (SGX) query on “unusual” price and volume movements.

Earlier at 10.51 am, the counter had reached S$0.065, up S$0.031 or 91.2 per cent after 11.7 million securities changed hands.

LS 2 ’s share price continued its ascent following a 10.58 am query issued by SGX, pausing at S$0.075 as at the midday trading break – representing a S$0.041 or 120.6 per cent increase from its Monday closing price of S$0.034.