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Hot stock: Keppel DC Reit up 4.6% as investors weigh S$1.4 billion data centre deal, equity fundraising

It remains the top-traded counter in terms of value by mid-day trading break on Wednesday

Chong Xin Wei
Published Wed, Nov 20, 2024 · 10:28 AM — Updated Wed, Nov 20, 2024 · 12:56 PM
    • Proceeds from the placement will be used to partially fund the purchase of two data centres at Keppel Data Centre Campus (above).
    • Proceeds from the placement will be used to partially fund the purchase of two data centres at Keppel Data Centre Campus (above). PHOTO: KEPPEL

    UNITS of Keppel DC Real Estate Investment Trust (Reit) extended their early-trade rally, adding S$0.10 or 4.6 per cent to S$2.29 by the midday trading break on Wednesday (Nov 20).

    Keppel DC Reit remained the top-traded counter in terms of value. Its shares were also heavily traded in terms of volume. By 12.30 pm, some 23.9 million units worth S$53.2 million had been transacted.

    The counter jumped 2.3 per cent or S$0.05 to S$2.24 in early trade on Wednesday. It climbed 2.7 per cent or S$0.06 to S$2.25 as at 10.03 am.

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