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Frenzy over SembMarine shares fizzles out day after near 8% gain

This comes after the O&M firm says it is not aware of any undisclosed information to warrant unusual stock activity

Fiona Lam

Published Thu, Jul 18, 2019 · 09:50 PM

Singapore

SEMBCORP Marine (SembMarine) shares eased off on Thursday following a frenetic rise in price and trading volumes late Wednesday that drew a Singapore Exchange (SGX) query.

They ended two cents, or 1.3 per cent, lower at S$1.49 on turnover of 7.6 million shares after the mainboard-listed offshore and marine (O&M) company said it was not aware of any undisclosed information that might account for the unusual stock activity.

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