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SPH shares soar 22% on heavy volumes on restructuring talk

Stock hits intra-day and 4-month high of S$1.28, ends at S$1.25

Fiona Lam

Fiona Lam

Published Fri, Nov 20, 2020 · 09:50 PM

Singapore

AS RESTRUCTURING rumours swirled, shares of Singapore Press Holdings (SPH) shot up on Friday in active trading, prompting a query from the bourse operator.

They kept up a rapid ascent right after the opening bell, hitting an intraday high of S$1.28 - up 22 per cent or S$0.23 from the previous close in the final hour of trading.

This was also a four-month high; the last time the counter closed at this level was in early July.

The stock ended at S$1.25 on a …

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