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.