SingPost shares drop 4.5% to 21-mth low

Singapore

THERE'S no blizzard here but shares of Singapore Post have been slip-sliding downhill all the same, with the latest 4.5 per cent tumble on Wednesday leaving the stock at a fresh 21-month low.

The counter lost S$0.065 to end the day at S$1.39, its lowest since April 2014, with 12.9 million shares changing hands - more than double the previous day's 5.3 million shares traded.

Wednesday's 4.5 per cent drop came on the heels of a 1.4 per cent drop on Tuesday…