Hot stock: SIA soars 5.2% amid global airline stock rally

SHARES of national carrier Singapore Airlines (SIA) jumped more than 5 per cent on Monday amid a global airline stock rally.

On the Singapore bourse, SIA shares hit an intra-day high of S$5.30 before easing to finish at S$5.24, up S$0.26 or 5.2 per cent, with some 20.3 million shares changing hands.

One married deal took place before the market opened, with 132,500 shares transacted at S$4.981 each, ShareInvestor data showed.

K. Ajith, director of Asia transport research at UOB Kay Hian, told The Business Times (BT) on Monda…

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