Hot stock: Parkson Retail Asia surges as much as 16.2% upon watch list exit
The counter later closed at S$0.075, up S$0.007 or 10.3 per cent
Add BT as a preferred source
SHARES of Parkson Retail Asia spiked on Friday (Oct 4) morning amid heavy trading volumes, following an announcement by the mainboard-listed department store retailer that it was exiting the Singapore Exchange (SGX) watch list after more than four years.
As at 9.04 am, the counter had risen 16.2 per cent or S$0.011 to S$0.079 with 7.4 million of its securities changing hands, well above the 2.5 million average.
Parkson Retail closed S$0.007 or 10.3 per cent higher at S$0.075 on Friday, after 20.1 million shares worth S$1.5 million changed hands.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
