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Silkroad Nickel surges 31% to near 2-month high after married trade

Stock closes at S$0.46 after 1.5m shares changed hands; traders say not aware of circumstances behind married trade

Published Wed, Jan 2, 2019 · 09:50 PM

Singapore

SHARES of Indonesian nickel mining group Silkroad Nickel were on a tear in Wednesday's session, surging 31.4 per cent or 11 Singapore cents to close at a near two-month high of 46 Singapore cents after a sizeable married trade in the morning.

Trading data showed that about 1.48 million shares crossed at 9.13am at 45 Singapore cents apiece. The stock went as high as 46 Singapore cents, but did not go below 40 Singapore cents as activity picked up following the married trade.

The usually thinly traded stock had a turnover of about 1.53 m…