Hot stock: Yangzijiang Shipbuilding surges over 15% in afternoon trade, responds to SGX query

SHARES of Yangzijiang Shipbuilding spiked on Friday (Sep 23) afternoon on heavy trading volumes, prompting a query from Singapore Exchange Regulation (SGX RegCo).

As at 3.35pm, the counter had climbed S$0.17 or 15.5 per cent to reach an intra-day high of S$1.27 after 118.7 million of its shares changed hands – well above the counter’s average volume of 19 million, according to Yahoo Finance.

SGX RegCo issued a query at 3.40 pm over Yangzijiang’s “unusual price movements”.