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Hot stock: Yangzijiang Shipbuilding nears 7-month high after contract win

Chong Xin Wei

Published Tue, Jun 27, 2023 · 10:36 AM
    • By 10.13 am, shares of Yangzijiang are up 6.7 per cent or S$0.09 to S$1.44, with 33.7 million shares changing hands.
    • By 10.13 am, shares of Yangzijiang are up 6.7 per cent or S$0.09 to S$1.44, with 33.7 million shares changing hands. PHOTO: YANGZIJIANG SHIPBUILDING

    SHARES of Yangzijiang Shipbuilding hit a near seven-month high in early trading on Tuesday (Jun 27), after the group said that it obtained a contract to build six 9,000 twenty-foot equivalent unit methanol dual-fuel container ships.

    The shipbuilder’s counter rose as much as 8.1 per cent or S$0.11 to S$1.46 as at 4pm on Tuesday. The last time the counter closed near this level was on Nov 30, 2022.

    Shares of Yangzijiang later closed up 7.4 per cent or S$0.10 at S$1.45, with 77.6 million shares changing hands. There were no married deals according to ShareInvestor data.

    Hot StockYangzijiang Shipbuilding

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