ComfortDelGro stock rallies on hopes of taxi, rail turnaround

From below $2.20 in January 2019, ComfortDelGro Corp's stock price has climbed to breach $2.60 last week - almost a two-year high.
From below $2.20 in January 2019, ComfortDelGro Corp's stock price has climbed to breach $2.60 last week - almost a two-year high.PHOTO: ST FILE

SINGAPORE - Transport giant ComfortDelGro Corp is rallying on the stock market, with bullish sentiment driving its share price on an almost continuous trek northwards since the year started.

From below $2.20 in January, the stock price has climbed to breach $2.60 last week - almost a two-year high. The counter has posted a  20 per cent gain from the start of the year - outperforming the Straits Times Index which chalked up a 10 per cent rise in the same period.

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