Hot stock: Surge in Oceanus’ trading volume prompts SGX query
Vivienne Tay
OCEANUS Group continued to see heavy trading for the third straight day, prompting a query from the Singapore Exchange (SGX) for “unusual volume movements” in its shares.
The mainboard-listed seafood supplier was the most actively traded by volume on Wednesday (Jun 8) afternoon, with 182.5 million shares changing hands as at 2.44 pm. The counter was trading S$0.001 or 4.6 per cent lower to S$0.021, and no married deals were recorded.
Oceanus has seen heavy trading since the start of the week, with 434.4 million shares traded at Tuesday’s close and 280.7 million shares traded at Monday’s close. Last Friday, the counter closed with 5.7 million shares changing hands.
Notably, Oceanus closed at a 2.5-month high of S$0.023 on Tuesday, up 35.3 per cent or S$0.006.
The counter then ended 9.1 per cent or S$0.002 lower at S$0.02 on Wednesday.
The Singapore Exchange Regulation issued its trading query at 2.32 pm on Wednesday. It asked Oceanus if it was aware of any unannounced information or reasons which may explain the trading. It also asked the company to confirm its compliance with mainboard listing rules.
Oceanus said in a filing post-trading hours that it is not aware of any unannounced infromation or other possible explanations for the trading.
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