Yangzijiang gains 9% on week

SHARES in mainboard-listed Yangzijiang Shipbuilding have been on a tear this week, gaining 8.8 per cent over the week on the back of a strong Q2 performance and stronger US dollar as trade tensions fester.

In Friday's session, the stock traded as high as S$0.03 or three per cent up to S$1.02 before closing flat. It was among the Singapore Exchange's most heavily traded securities, with 45.4 million shares changing hands.

On Wednesday, Yangzijiang was both the bourse's biggest gainer and most hotly traded stock, with 89.2 million shares changing hands, as shares closed at S$0.99.