Hot stock: Olam surges after investigations show no involvement in US billion Nigerian fraud

Hot stock: Olam surges after investigations show no involvement in US$50 billion Nigerian fraud

February 19, 2024 / Riah Marton /


SHARES of Olam Group soared on Monday (Feb 19) after the group announced it recently concluded investigations into Olam Nigeria, which turned up no evidence of involvement in a multibillion-dollar fraud.

The stock closed at S$1, up S$0.12 or 13.6 per cent, as more than 10.4 million shares worth about S$10.4 million changed hands over the course of the day.

No married deals took place, ShareInvestor data indicated.

The counter had surged in early trade after the announcement.

At 10.39 am, the food and…



Source link

Posted in

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Leave a Comment