Hot stock: Sembcorp rises 3.5% to 5-month high on heavy volumes
Michelle Zhu
SHARES of Sembcorp Industries rose on Tuesday (Jan 30) morning amid brisk trading on strong volumes.
As at 10.02 am, the industrial and urban solutions group gained S$0.19 or 3.5 per cent to S$5.60 after 2.1 million shares were traded. The last time Sembcorp traded at such levels was in August 2023.
The counter later eased to S$5.55 by 10.19 am, representing a 2.6 per cent or S$0.14 increase.
No married deals took place in early trade, based on ShareInvestor data.
Sembcorp’s last public announcement was on Jan 24 when the group announced that its renewables subsidiary, Green Infra Wind Energy, obtained a contract for a 450 megawatt wind-solar hybrid power project in India.
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