Hot stock: Singtel shares fall nearly 2% in heavy trading as investors weigh Optus lawsuit
The Australian consumer watchdog is pursuing penalties, consumer redress, a compliance programme and costs from the telco’s unit
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SHARES of telco giant Singtel were heavily traded on Friday (Nov 1) after court proceedings against its subsidiary Optus Mobile in Australia commenced the day before.
The counter hit a low of S$2.90 at 9 am after the market opened amid heavy trading and this marked the lowest price recorded since August 2024.
Two married deals were recorded in early trade, ShareInvestor data indicated.
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