Hot stock: Singtel hits three-month low in aftermath of Optus cyberattack
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Michelle Zhu
SHARES of Singtel touched their lowest point in three months on Wednesday (Oct 5) as its Australian subsidiary Optus continues to grapple with the impact of a cyberattack it faced in late September.
As at 1.28 pm after the midday break, the telecommunications giant was down S$0.06 or 2.3 per cent at S$2.55. The last time the counter traded at this level was on Jul 5.
It later recovered slightly to S$2.56 by 1.44 pm, representing a S$0.05 or 1.9 per cent decline amid heavy trading with some 23.3 million securities transacted. This made Singtel the second-most active index counter by volume at the time after Yangzijiang Shipbuilding, which saw about 33.6 million of its shares move as at 1.44 pm.
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