YuuZoo hotly traded as STI ends flat
Stock rises 8% with more than 40 million shares changing hands before trading halt and Nigeria deal announcement
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AS investors await news from Thursday's Organization of the Petroleum Exporting Countries (Opec) meeting for clues on where oil prices are headed, Singapore's market was flat on Wednesday.
The Straits Times Index closed at 3,349.66, up 0.14 per cent or 4.67 points. There were 224 gainers to 186 losers. Value traded was S$1.2 billion.
Trading activity at mainboard-listed Internet stock YuuZoo, which has been simmering for many days, boiled over. Over 40 million shares changed hands, with the stock ending S$0.045 higher at S$0.595, up 8 per cent. It was below S$0.30 just two weeks ago.
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