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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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Mia Pei

Mia Pei

Published Mon, May 27, 2024 · 09:55 AM
    • Seatrium says construction of the FPSOs will commence in the first quarter of 2025, with final delivery expected in 2029.
    • Seatrium says construction of the FPSOs will commence in the first quarter of 2025, with final delivery expected in 2029. PHOTO: BT FILE

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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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