Hot stock: The Hour Glass up 8.84%
SHARES of The Hour Glass (THG) surged by 8.844 per cent to S$0.80 at 9.40am on Monday, after opening at S$0.76 on Monday morning.
Its previous closing price was S$0.735.
Some 523,300 shares changed hands.
THG had in October last year paid S$13.3 million in cash for the 50-year-old watch retail chain Watches of Switzerland (WOS) from Jay Gee Melwani, a Singapore-based fashion-and-lifestyle group. The move will boost THG's boutiques to 37 across the Asia-Pacific, including those in Japan and Australia.
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
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling
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