Hot stock: Raffles Medical falls 9.2% on profit drop

SHARES of Raffles Medical Group dropped as much as 9.2 per cent in early trading on Monday (Nov 6), after the group reported that its third-quarter profit had fallen.

With 2.1 million shares changing hands as at 9.15 am, its share price dropped to S$1.09. The last time it was this low was on May 28, 2021.

As at 11.07 am, the counter was down 6.7 per cent, or S$0.08, at S$1.12 with 4.5 million shares transacted, making it the 16th most traded stock by volume on the Singapore Exchange.