Hot stock: TTJ Holdings

IN a morning of falling markets, structural steelwork company TTJ Holdings bucked the trend.

Some 60 million shares worth around S$21 million changed hands, nudging share prices up one cent to 38 cents, or 2.7 per cent higher, by 10.13am. This came after a Friday surge to 37 cents on two million shares traded, from 33.5 cents when it was last traded on Wednesday.

Last Wednesday, the company announced its full-year results, where a much-higher dividend of eight cents a share was declared on the back of lower revenues and profit.

The company said this was due to healthy cash and cash equivalents.