Singapore's SMRT shares surge; SGX queries activity

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.

Join ST's Telegram channel and get the latest breaking news delivered to you.