Sembmarine slips 0.6% in second consecutive day of heavy trading

Singapore

SHARES in Sembcorp Marine (SMM) were actively traded on Monday as the offshore and marine (O&M) engineering group completed its S$2.1 billion recapitalisation exercise.

The counter hit an intra-day low of 15.7 Singapore cents on Monday, before recovering to finish at 16.2 cents by the closing bell, down 0.6 per cent or 0.1 cent. Some 202.4 million shares changed hands, making it the most heavily traded stock by volume on the Singapore bourse for the day.