Hot stock: Straits Trading up as much as 10.1% on special dividend cheer

SHARES of Straits Trading soared as much as 10.1 per cent, or S$0.31, to a 4-month high of S$3.37 on Monday (Aug 15) morning, after the company declared a special dividend on the back of strong H1 results.

Straits Trading shares kicked off the day at S$3.34, up 9.2 per cent or S$0.28, with before climbing to a high of S$3.37 at 9.03 am, and again at 9.11 am. As at 9.30 am, Straits Trading had walked back some gains to S$3.32, with 538,100 shares changing hands. No married deals were recorded, according to ShareInvestor data.

The active trading comes after the company on Sunday declared a special dividend, distributing either ESR shares or Straits Trading shares to entitled shareholders.