Hot stock: Keppel climbs as much as 21.3% as shares trade ex-distribution; Sembmarine falls

KEPPEL Corporation : BN4 0% jumped as much as 21.3 per cent during morning trade on Thursday (Feb 23), after its shares started trading on an ex-distribution basis.

This meant those who buy the stock from that date will no longer be entitled to the distribution in specie of 19.1 Sembcorp Marine : S51 0% (Sembmarine) shares per Keppel share held.

Keppel’s counter was trading as much as S$1.019 higher at S$5.80 as at 9.44 am, which is 21.3 per cent higher than its adjusted closing price of S$4.781 on Wednesday. By 10.33 am, Keppel’s shares were up 18 per cent at S$5.64, with 12.9 million shares changing hands.