Hot stock: Seatrium surges 11.7% amid heavy trading on S$11 billion new contracts
It recovers from a steep drop after being booted out of MSCI Singapore index
Add BT as a preferred source
SHARES of Seatrium made a strong comeback at Monday’s (May 27) opening bell after the company secured S$11 billion worth of new contracts.
The counter rose 10.4 per cent, or S$0.16, with 9.3 million shares changing hands as at 9.01 am on Monday.
Its shares eventually closed up 11.7 per cent or S$0.18 at S$1.72, recovering from a steep drop after being booted out of MSCI Singapore index on May 15.
TRENDING NOW
Singapore households’ net wealth up, but also taking on more debt such as home loans
With new S$10 million HQ, Jumbo Group looks to Shanghai-focused China strategy, premium dining for growth
Up to 11 new condo projects with 3,550 units lined up for H2 launch as price ceilings emerge
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
