Hot stock: Soilbuild Construction hits 5-year high on Tuas Port construction contract win

SHARES of Soilbuild Construction surged on Friday (Jun 14) morning, after the group announced that it bagged a S$647.5 million Tuas Port construction contract the day prior. 

As at 9.25 am, the counter surged 113.9 per cent or S$0.041 to S$0.077, with about 6.5 million shares changing hands. The last time it reached such levels was May 2019. 

Its shares later eased to S$0.072, up 100 per cent or S$0.036, as at the midday trading break. The counter was among the top 10 most heavily traded by volume at the time, with 17.1 million securities transacted.