Hot stock: ComfortDelGro up with Capital Group as new substantial shareholder

SHARES of ComfortDelGro Corporation rose on Wednesday, with US fund management Capital Group now a substantial shareholder of the cab operator after buying S$4.84 million in shares.

The stock was up two Singapore cents at S$3 on active trading, with some 10 million shares changing hands.

Capital Group on Tuesday evening declared that as at Feb 27, it held 5.04 per cent of the company, up from 4.96 per cent. This came after it bought 1.65 million ComfortDelGro shares at S$2.94 per share.

Shares of ComfortDelGro are currently trading at cum-dividend. It announced a final dividend of 4.50 Singapore cents per share, with the ex-dividend date on April 30.