Creative tumbles 10% after net loss widens

Singapore

SHARES in Creative Technology fell by more than 10 per cent on Friday, after the company on Thursday night announced that it had sunk deeper into the red for its second quarter.

The counter hit an intraday low of S$4.70 in the early morning trade at about 9.33am, before closing at S$4.94 for the day, down 10.5 per cent, or 58 Singapore cents. This is the lowest the stock has been in the past month.