Hot stock: Yangzijiang Shipbuilding up 7% on new China manufacturing base

SHARES of mainboard-listed Yangzijiang Shipbuilding rose as much as 7 per cent during the morning trading session on Tuesday (Jul 16), after the company announced plans to build a clean-energy ship manufacturing base on a piece of land in China it acquired.

As of midday trading on Tuesday, the counter had reached a high of S$2.46, up S$0.16. It was among the top most traded by volume on the Singapore bourse at the time, with 22.9 million shares changing hands.

Yangzijiang’s shares later closed 5.7 per cent or S$0.13 higher at S$2.43, with 33.9 million shares traded.