I can only think that investors who have been vested in Blumont when the stock was trading at around 20 cents and have been ...
...Blumont stock was one of the few companies suspended by SGX today after its share price went south by almost 58% before trading was halted. These few days, we have read about Blumont, the company whose stock price has seen a meteoric rise from around 30 cents at the start of the year to as high as $2.54. The meteoric rise has seen the market valuation of Blumont even higher than some of the government-linked companies like NOL and SMRT. The SIAS and SGX have been urging the management of Blumont to explain the meteoric rise in the stock price. I am surprised that the share price of Blumont then went south this morning by around 56% before the stock was eventually suspended by SGX.