Hot stock: SIA rises 3.5% after travel-bubble news
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SHARES of Singapore Airlines (SIA) climbed as high as 3.5 per cent on Tuesday, a day after Singapore's Ministry of Transport (MOT) announced that the Republic's air travel bubble with Hong Kong will start from May 26.
As at 10.04 am, the national carrier's share price had reached an intra-day peak of S$5.36, up S$0.18 or 3.5 per cent from the open, with some 6.2 million securities having changed hands. The counter subsequently retreated to S$5.28 just before the midday trading break. It eased further to close Tuesday at S$5.30, up S$0.17 or 3.31 per cent.
Earlier on Tuesday, The Straits Times (ST) had reported that tickets for one-way direct flights from Singapore to Hong Kong by SIA and Cathay Pacific Airways from May 26 to June 4 had sold out by noon on April 27.
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