Hot stock: Thomson Medical rises almost 16% on potential acquisitions, tie-ups

SHARES of mainboard-listed Thomson Medical Group climbed by nearly 16 per cent to reach a two-week high on Monday (Mar 6) and were among the most actively traded on the Singapore bourse.

This came after the healthcare provider said on Friday evening that it is evaluating and pursuing proposals which may involve acquisitions or collaborations for healthcare-related business in South-east Asia, as part of its growth plans for the region.

The counter hit a high of S$0.074 in intraday trading, up 17.5 per cent or S$0.011. It ended the day at S$0.073, up 15.9 per cent or S$0.01. The last time Thomson Medical closed near this level was on Feb 21.