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Hot stock: Sembmarine trading volumes spike after new share issuance

Michelle Zhu

Michelle Zhu

Published Wed, Mar 1, 2023 · 12:40 PM
    • The total issued share capital of the Sembmarine now stands at 68.2 billion shares, versus 31.4 billion shares previously.
    • The total issued share capital of the Sembmarine now stands at 68.2 billion shares, versus 31.4 billion shares previously. PHOTO: SEMBCORP MARINE

    SHARES of Sembcorp Marine (Sembmarine) experienced unusually high trading volumes on Wednesday (Mar 1) morning, after closing its combination with Keppel Offshore & Marine (Keppel O&M).

    As at 9 am, the counter fell as much as S$0.012 or 9.4 per cent to S$0.115 with 47.2 million shares changing hands.

    It later recovered to trade flat at S$0.127 as at the midday trading break. Some 915.1 million of the company’s shares were transacted, significantly above the average volume of 140.8 million.

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