Hot stock: Singtel shares fall nearly 2% on heavy trading as investors weigh Optus lawsuit
November 1, 2024 / /
The Australian consumer regulator is pursuing penalties, consumer redress, a compliance programme and costs from the telco’s unit
SHARES of telco giant Singtel saw heavy trading on Friday (Nov 1) after court proceedings against its subsidiary Optus Mobile in Australia commenced on Oct 31.
The counter hit a low of S$2.90 at 9 am after the market opened, falling 0.3 per cent or S$0.01 amid heavy trading. This marked the lowest price recorded since August 2024.
As at 1.24 pm, Singtel was the most actively traded counter by both value and volume. The counter recovered slightly to trade at S$3.07, down 1.9 per cent or S$0.06, with 45.7 million shares having changed hands.
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