SMRT shares shoot up to 4-month high of $1.215, prompt SGX query

SHARES of rail operator SMRT Corp yesterday rocketed up 19 cents, or 18.5 per cent, to a four-month high of $1.215 on a high volume of 14.6 million shares, prompting a query from the Singapore Exchange (SGX).

As at 5pm when the market closed, SMRT had yet to reply to the exchange. The query was despatched at 3.06pm, at which time the shares traded at $1.13, a gain of 10.5 cents, or about 10 per cent.

SMRT's reply was filed at 6.20pm, in which it said that it did not know of reasons for the interest in its shares.