Hot stocks: Yangzijiang counters pulled in opposing directions amid heavy volumes
Both companies are the top two most actively traded names on the SGX
Add BT as a preferred source
SHARES of Yangzijiang Shipbuilding and its listed subsidiary Yangzjiang Financial were trading divergently as shares of both counters were heavily transacted by volume on Friday (Sep 27) morning.
As at 10.55 am, index counter Yangzijiang Shipbuilding fell S$0.17 or 6.3 per cent to S$2.51 after 26.8 million securities changed hands.
The group’s last public announcement made on the Singapore Exchange (SGX) took place on Sep 12, regarding its planned acquisition of a 34 per cent stake in a Chinese subsidiary of Japanese shipbuilder, Tsuneishi Group, for 833.1 million yuan (S$152.6 million).
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
