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SCI shares jump on Day 1 of ex-entitlements trade; Sembmarine inches lower

Sembcorp's higher value more than compensates shareholders for fall in value of SMM distribution

Fiona Lam

Fiona Lam

Published Wed, Sep 9, 2020 · 09:50 PM
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Singapore

INVESTORS piled into shares of Sembcorp Industries (SCI) on the counter's first day of trading excluding entitlements, while Sembcorp Marine (SMM)'s stock fell.

On Wednesday, SCI climbed to finish at S$1.17, with 50.6 million shares changing hands, making it the third most traded by value on the Singapore bourse for the day.

Its closing price is 21.6 per cent or S$0.208…

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sembcorp industries
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