Hot stock: Olam surges after investigations show no involvement in US$50 billion Nigerian fraud

SHARES of Olam Group soared on Monday (Feb 19) after the group announced it recently concluded investigations into Olam Nigeria, which turned up no evidence of involvement in a multibillion-dollar fraud.

The stock closed at S$1, up S$0.12 or 13.6 per cent, as more than 10.4 million shares worth about S$10.4 million changed hands over the course of the day.

No married deals took place, ShareInvestor data indicated.