Hot stock: Some 117m OUEHT shares change hands at S$0.65 to S$0.655

VOLUMES of hotel and mall owner OUE Hospitality Trust (OUEHT) sizzled on Friday afternoon as a few block trades led to around 117 million shares changing hands.

Bloomberg records show that 17 million shares changed hands at S$0.65 at 2.46pm, followed by 6.25 million shares at S$0.655 at 2.50pm, 28.9 million shares at S$0.65 at 2.59pm, and 64.75 million shares at S$0.65 at 3.17pm.

As at 4.07pm, OUEHT last traded at S$0.67, down a cent.