IEV soars, prompting query

Singapore

SHARES in energy counter IEV Holdings shot up 78 per cent on Thursday to end at S$0.114, a hair's breadth from its 52-week high of S$0.115.

After opening unchanged at S$0.064 - its intra-day low - it hovered around the S$0.09 to S$0.10 range before a late spurt to end at S$0.114. The unusual volume movements - more than 166 million shares changed hands for the day against a three-month average of 0.3 million - prompted a Singapore Exchange query in the morning.