Hot stock: Sats surges to 2-year high amid heavy trading

SHARES of in-flight caterer and ground handler Sats advanced amid a steady surge in trading volumes in the morning trading session on Friday (Oct 25).

As at 9.33 am, the counter had jumped 9.1 per cent or S$0.34 to S$4.08, with some 8.1 million shares having changed hands. The last time its share price traded at such levels was in September 2022.

Sats was the most actively traded company in terms of value on Friday morning. Its shares were also heavily traded in terms of volume. By 10.45 am, some 14.1 million shares worth S$55.9 million had been transacted. The counter was then up 6.7 per cent or S$0.25 at S$3.99.