Hot stock: Singtel falls 5.2% in heavy trading following major Optus outage

SHARES of Singtel lost as much as 5.2 per cent during the morning trading session on Wednesday (Nov 8), after major outages hit its Australian subsidiary Optus on the same day.

The Singapore telco’s counter dropped to a low of S$2.35, down S$0.13 as at 9.58 am.

By 11.27 am, Singtel’s shares were the second most traded by volume on the Singapore bourse, with 34.9 million shares changing hands. The counter recovered slightly to S$2.38 at the time and was down 4 per cent or S$0.10.