Jasper volume surge prompts SGX query
Singapore
JASPER Investments was the most actively traded stock on Wednesday, but said it was not aware of any reason behind the heavy trading.
Shares of Jasper Investments rose by as much as 17.6 per cent to S$0.02 as at 9.25am. The stock reverted to S$0.017 - its opening price and Tuesday's closing price - at the market's close on Wednesday. Some 243.15 million shares had changed hands.
In response to a query by Singapore Exchange on Jasper's unusual volume movements, Jasper said that it was unaware of any information not previously announced or other possible explanation for the trading.
Brokers The Business Times spoke to did not appear to have any intelligence on Jasper's trading activity.
Jasper, listed on the SGX since 1993, provides transportation services to infrastructure players in the reclamation, construction and earthwork sectors. These include chartering and operating a variety of vessels and transportation equipment required by these customers.
