Stocks to watch: Singtel, Nordic Group, OCBC
Vivienne Tay
THE following companies saw new developments that may affect the trading of their securities on Thursday (Apr 6):
Singtel : The telecommunications provider halted the trading of its shares on Thursday morning, just before the market opened, pending an announcement. Shares of Singtel closed 0.4 per cent or S$0.01 lower at S$2.51 on Wednesday.
Nordic Group : Several of the group’s divisions have bagged contracts totalling about S$22.6 million with new and repeat customers. Nordic, which provides system integration solutions, does not expect the new contracts to have a material impact on its consolidated net tangible assets per share and earnings per share for its current financial year. Its counter closed 2.2 per cent or S$0.01 higher at S$0.475 on Wednesday, after the announcement.
OCBC : The bank on Wednesday launched a new metaverse initiative called OCBCx65Chulia to improve financial literacy among its customers aged 18 to 25, while also giving Web 3.0 enthusiasts an alternative way to access its banking services. OCBC launched the initiative on Decentraland, a metaverse platform. Its shares closed 0.6 per cent or S$0.07 higher at S$12.73 on Wednesday, after the announcement.
