Hot stock: ComfortDelGro rises on heavy trading; analysts positive on platform fee charge

SHARES of ComfortDelGro (CDG) climbed on Wednesday (Jun 21) morning, the day after the taxi operator announced that it would implement a S$0.70 platform fee charge for rides booked via its app, Zig, from Jul 1.

As at 11.12 am, the counter was up S$0.03 or 2.6 per cent at S$1.18, with 6.4 million of its shares changing hands.

It had closed on Tuesday S$0.01 or 0.9 per cent higher at S$1.15 after 21.8 million shares were traded, following the announcement.