Sarine Technologies shares rebound after it clarifies Q4 outlook

Singapore

SHARES in diamond manufacturing equipment maker Sarine Technologies rose on Friday, after the company clarified that it expects fourth-quarter revenue to be in line with, or better, than that a year ago.

The counter closed at S$2.29, up 2.2 per cent, as it continued its uptick since reaching a 10-month-low of S$2.17 on Dec 23.

In response to a Singapore Exchange trading query on Dec 22 on the "unexplained trading" of its shares, Sarine had reiterated that the diamond industry had been and was l…