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
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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.
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