Hot stock: Watches.com up as much as 20% after news of contract win

SHARES of Watches.com gained traction on Monday (Aug 29) morning after the online timepiece retailer announced its maiden contract win from a telecommunications operator on Friday.

As at 9.36 am, the Catalist-listed counter jumped 20 per cent or S$0.003 to reach S$0.018 with some 18.5 million securities traded. It later eased to trade at S$0.016, up S$0.001 or 6.7 per cent, as at 10.25am with 26.4 million shares changing hands.

No married deals took place in early trade, according to ShareInvestor data.