Shares of Singapore property and hotel company Fragrance Group rose as much as 6.8% to a record on expectations the group's proposed restructuring and spin-off of its hotel arm would boost valuations, traders said.
By 10:12 a.m. on Thursday, Fragrance's shares were up 4.1% at $0.385 with 2.9 million shares traded, 1.4 times the average volume traded over the past 30 days. The stock had jumped about 18% as of Wednesday's close.
No comments:
Post a Comment