CNMC Goldmine glitters

Singapore

SHARES of CNMC Goldmine Holdings leapt in active trading on Monday in an otherwise listless market, likely buoyed by continued positive sentiment stemming from its second-quarter results.

At closing, the share price was up 8.7 per cent or 4.5 cents to 56.5 Singapore cents, after 20.71 million shares changed hands, while the broader market was trading down. The benchmark Straits Times Index closed 2.83 points lower at 2,841.19.

Dealers note that investors were probably responding to CNMC's strong set of results for the second quarter ended June 30 released earlier this month and higher dividends. Having produced and sold a record amount of gold output and achieved higher average gold prices, CNMC posted a 31 per cent year-on-year growth in ne…