Hot stock: Marco Polo Marine up as much as 6.8% after Maybank initiates coverage with ‘buy’ call

SHARES of Marco Polo Marine : 5LY 0% rose on Thursday (Mar 21) morning after Maybank Securities initiated coverage on the stock with a “buy” call on Wednesday. 

As at 9.23 am, the shipyard and marine logistics company had risen 6.8 per cent or S$0.004 to S$0.063 after 17.1 million of its shares were transacted, which was more than twice the counter’s average volume of about 8.5 million. 

The counter later closed S$0.003 higher at S$0.062, after 37.3 million shares worth S$2.3 million changed hands.