SGX issues trading queries to Magnus Energy, New Silkroutes

SINGAPORE Exchange (SGX) on Tuesday issued trading queries to two listed companies, Magnus Energy and New Silkroutes Group, for "unusual movements" in their counters.

The movements in Magnus Energy's shares prompted a query from the bourse operator, which noted this is the second query issued to the company in the past four months.

Magnus Energy had topped the list of the most active counters by volume in early-morning trade on Tuesday. As at 11.05am, the stock was still the most heavily traded, with 318.8 million shares changing hands.

Separately, New Silkroutes' counter rose 6.5 per cent or 3.5 Singapore cents to S$0.575 at 11.07am, with more than 1.1 million shares changing hands.

SGX noted this is the second query issued to New Silkroutes in the past one month.