HUTCHISON PORT HOLDINGS TRUST N (NS8U.SI ) opens at 0.97 on it's trading opening. The IPO price is 1.01 makes its about 4% discount :)
Just within the five minutes the total trading volume is > 100 million shares and HPH became the top volume stock in the market. The low is 0.960 so far with the high being 0.980 so far.
Just within the five minutes the total trading volume is > 100 million shares and HPH became the top volume stock in the market. The low is 0.960 so far with the high being 0.980 so far.
I think this continues the trend of stocks opening at less than the IPO price in SGX.
As I am writing this post the volume hit150 million.....May be it'll hit more than 500 million before end of the day..
Update: After three hours, the total volume is 616 million & value 591 millions and close @ 0.950
I think this is a record for a stock to hit that volume/value. By the way I won't believe that the price dropped due to the happenings in Japan. This is a perfect way for the promoters to dispose their assets and get hard cash..
As I am writing this post the volume hit150 million.....May be it'll hit more than 500 million before end of the day..
Update: After three hours, the total volume is 616 million & value 591 millions and close @ 0.950
I think this is a record for a stock to hit that volume/value. By the way I won't believe that the price dropped due to the happenings in Japan. This is a perfect way for the promoters to dispose their assets and get hard cash..
No comments:
Post a Comment