Hot stock: Yoma Strategic falls 8.8% after reply to SGX queries on chairman in Myanmar custody
SGX had asked if Serge Pun’s presence in the capital and his meetings with the authorities had any impact on Yoma’s financials, operations and businesses
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SHARES of Yoma Strategic fell 8.8 per cent on Friday (Jul 19) morning, following its responses to questions from the Singapore Exchange Securities Trading (SGX-ST) about claims that its executive chairman was in Myanmar junta custody over alleged violations of banking regulations.
The counter was down S$0.012 to S$0.125, with 2.6 million shares having changed hands at the opening bell.
By 9.38 am, Yoma was the most actively traded counter by volume, with 25.2 million shares transacted. Its shares were down 5.8 per cent or S$0.008 at S$0.129. No married deals were recorded in early trade, ShareInvestor data showed.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
