Yangzijiang continues run as actively traded stock for third straight session

Singapore

YANGZIJIANG Shipbuilding's stock, fresh from Friday's 15.1 per cent jump, continued its rebound in Monday's trading, advancing 7 per cent before settling at S$1.01, a two-cent or 2 per cent gain.

Volume traded stood at 107.9 million, making it the benchmark index's most active counter for a third straight session.

Shares in China's largest non-state owned shipbuilder had been active last Thursday as well, after the lifting of a trading halt: It had then plunged 17.3 per cent.

Despite the two-session rally on Friday and Monday, the company's shares are still trading below S$1.30, which was the closing price before the first sell-off on Aug 8. That day, its shares had shed 20 per cent before a trading hal…