SingPost slumps further to 22-month low as volume surges

Singapore

BIG investors might be losing faith in Singapore Post's ability to deliver worthwhile returns, going by the stock's even steeper plunge to a 22-month low on Thursday that was accompanied by a spike in the number of large trades.

SingPost seems no stranger to plumbing fresh depths these days as its corporate governance issues drag on unresolved. The stock fell 6.5 per cent in just one session, losing S$0.09 to finish at S$1.30 - its lowest price since March 2014.