Shares & Derivatives
Why did this stock rally so much?
By Singapore Stocks Investing (SSI)  •  August 30, 2014
On 29 Aug 2014, a stock rallied by 28.3%, making it the second most actively-traded volumes on SGX after OLS. And when I took a look at the volume of this stock, the volume was only 2,000, compared with 0.11 billion for OLS, the most actively-traded stock on the day. So what contributed to this price rally of the stock? Well, I took a look at the stock information on the SGX website and there were really not much corporate announcements of this stock, GKE made that day, which might have explained the price rally of the stock on that day. GKE’s business is in warehousing, supply chain logistics and fulfillment services and I thought according to a report which was published on Reuters on 29 Aug 2014, GKE stock price may head south rather than north as it was reported in that article on a suspected China ......
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By Singapore Stocks Investing (SSI)
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