Hot stock: Yangzijiang Shipbuilding dips over 4% as volumes surge on married deals
It is the most highly traded company in terms of volume as at Tuesday’s midday trading break
SHARES of Yangzijiang Shipbuilding fell in early trade on Tuesday (Nov 26) as the counter’s opening volumes were boosted by a series of married deals.
As at 10.07 am, the shipbuilder’s share price fell as much as 4.2 per cent or S$0.11 to S$2.52 with 66.1 million shares transacted.
This came as 13 married deals totalling 52.8 million shares took place before the opening bell, ranging from S$2.629 to S$2.63 per share. A pre-open transaction of 430,300 Yangzijiang Shipbuilding shares at S$2.65 apiece brought the counter’s total volumes to 53.2 million.
By the midday trading break the group’s share price had recovered slightly to S$2.56, down S$0.07 or 2.7 per cent with about 76.9 million shares transacted, making it the top-traded company in terms of volume.
Yangzijiang Shipbuilding’s heavy trading activity extends from the previous day’s record 259.8 million shares transacted by the market close.
A total of 18 married deal transactions were recorded after Monday’s pre-close session at S$2.63 apiece.
