Execution, holding risks weigh on NOL

Singapore

THE S$3.4 billion sale of Neptune Orient Lines (NOL) to France's CMA CGM was embraced by analysts with most recommending investors to take the deal but the stock price behaviour was rather au contraire.

NOL shares began the early minutes of trading with a burst of activity, jumping one Singapore cent but soon after trended downwards to close at S$1.22 - down 0.5 cent from S$1.225, its last traded price on Friday prior to Monday's trading halt pending the announcement.

The counter was the second most active with 70 million shares wort…