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Hot stock: Surge in Ntegrator's trading volume prompts SGX query
A SPIKE in the trading volume of Ntegrator International shares on Monday prompted a query from the Singapore Exchange (SGX).
Since the opening bell, Ntegrator, a regional communications network specialist and systems integrator, has maintained its position as the Singapore bourse's most heavily traded counter by volume.
As at 2.43pm, the Catalist-listed counter was trading at S$0.017, up 0.8 Singapore cent or 88.9 per cent with 192.7 million having changed hands.
The company's share price surged to an intra-day high of S$0.018 at 2.18pm, double Friday's closing price of S$0.009. The query from SGX was filed at 2.20pm on Monday.
Ntegrator was not aware of any possible reasons for the unusual trading activity, the group said in response to SGX queries later in the day.
Ntegrator most recently announced on Jan 2 that it had established a branch office in Myanmar. The move was funded by internal resources and is not expected to have a material impact on the group's net tangible assets per share and earnings per share for fiscal years 2019 and 2020.