QAF rises in active trade

Singapore

QAF Ltd - known for its Gardenia brand of bread - rose more than one per cent on Friday in active trade, leading the top 20 stocks in value traded on the Singapore Exchange.

The typically lightly traded stock saw a staggering 57 million-plus shares changing hands. By 2.26pm, some 57.5 million shares were traded. QAF was trading around S$1.24 a share, up one Singapore cent or 0.81 per cent. The stock eventually closed trading at S$1.24 per share.