Hot stock: Blumont sees 17m shares changing hands in early trade
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
MINING company Blumont Group's counter traded actively on Thursday morning with more than 17 million shares changing hands as at 10.26am.
Its shares slid S$0.001 to S$0.011.
The flurry of activity comes as the company expects to report a first-quarter net loss due to fair value readjustments of investments in financial assets.
The adjustments were necessary because of recent volatility in financial markets and the global economy, the company said on Wednesday.
The company expects to report its results by May 15.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
