Dukang Distillers slapped with 'trade with caution' after price surge
Stock falls as much as 6.8% on Thursday after a 20.9% rise the day before
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BELEAGUERED Chinese spirits producer Dukang Distillers Holdings is experiencing a hangover after a tipsy rise in its share price. On Thursday, the stock was slapped with a "trade with caution" notice by the Singapore Exchange (SGX), following a spectacular surge in its share price the day before.
The sharp 20.9 per cent rise in the counter's share price - despite the fact that no material announcements were made - prompted a query from the SGX on Wednesday with regard to unusual trading activity. In response, Dukang Distillers said it was "not aware of any other possible explanation for the trading".
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