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Hot stock: Heavy trading in Yoma Strategic as shares hit 16-month high

The share price has been rising since May, when the company reported a turnaround in its earnings

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Chong Xin Wei

Chong Xin Wei

Published Fri, Jun 21, 2024 · 11:10 AM
    • The Myanmar-focused company posted US$20.9 million in net profit for the second half-year ended March, from a US$32.7 million net loss.
    • The Myanmar-focused company posted US$20.9 million in net profit for the second half-year ended March, from a US$32.7 million net loss. PHOTO: BT FILE

    SHARES of Yoma Strategic rose as much as 6.2 per cent in early trading on Friday (Jun 21), extending gains following a turnaround in its earnings last month.

    The Myanmar-focused conglomerate’s counter gained S$0.007 to S$0.12 as at 9.59 am. The last time the counter closed near this level was in February 2023.

    Around 31 million shares changed hands then, making it the most heavily traded security by volume on the Singapore Exchange. No married deals were recorded in early trade, ShareInvestor data showed.

    Hot StockYoma Strategic

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