Tuesday, May 26, 2015Tuesday, May 26, 2015

Singapore's SMRT shares surge; SGX queries activity

Published on Apr 24, 2014 5:07 PM

SINGAPORE - Shares in Singapore's main public transportation operator SMRT Corporation surged as much as 21 per cent to a four-month high of $1.24 on Thursday.

The Singapore Exchange has sent a query asking the company to explain the unusual price movement.

Shares in its smaller rival, SBS Transit, rose over 7 per cent.