Hot stock: NetLink NBN Trust hits four-year low on heavy trading ahead of 2024 fee cut
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UNITS of NetLink NBN Trust fell as much as 1.2 per cent in heavy trading in the first half of the trading session on Monday (Nov 27), following its announcement that key service fees it charges would be lowered from April next year.
With 4.1 million shares changing hands as at 11.42 am, the counter hit S$0.81. The last time it closed at this level was in March 2019.
As at the midday market break on Monday, units of NetLink had recovered some ground, trading down 0.6 per cent at S$0.815. With 4.2 million units traded, it was the 24th most traded counter by volume on the Singapore Exchange.
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