Hot stock: ST Engineering jumps 5% in trading on Thursday morning, prompting SGX query
SHARES in ST Engineering shot up to an intra-day high of S$3.22 on Thursday morning, prompting a query from the Singapore Exchange (SGX).
At 12.07 pm, the counter was trading at S$3.19, up 13 cents, with 3.52 million shares having changed hands. It was also among the top five gainers on the Exchange.
The stock was outperforming the market with the Straits Times Index down 0.52 per cent at 2,758.62.
In a release to ST Engineering issued just before noon, SGX flagged the unusual price movements and asked the group if it knew of any information which could explain the trading.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%
Stocks to watch: Keppel, FCT, Suntec Reit, OUE Reit, Clint, Digital Core Reit, OKP, Cordlife
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
Hong Kong spot crypto ETFs to start trading next week