Hot stock: Seatrium surges 11.7% amid heavy trading on S billion new contracts

Hot stock: Seatrium surges 11.7% amid heavy trading on S$11 billion new contracts

May 27, 2024 / Riah Marton /


SHARES of Seatrium made a strong comeback at Monday’s (May 27) opening bell after the company secured S$11 billion worth of new contracts.

The counter rose 10.4 per cent, or S$0.16, with 9.3 million shares changing hands as at 9.01 am on Monday.

Its shares eventually closed up 11.7 per cent or S$0.18 at S$1.72, recovering from a steep drop after being booted out of MSCI Singapore index on May 15.

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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.

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