Hot stock: Oceanus tumbles 45.3% amid heavy trading, prompts SGX query (Business Times)
SHARES of mainboard-listed Oceanus Group continued to sink on Wednesday after plummeting on Tuesday, prompting a query from the Singapore Exchange (SGX) about the “unusual price movements”. Oceanus was the most traded counter by volume on the Singapore bourse at market close, with 1.4 billion shares having changed hands. The counter was down 34.4 per cent or 2.2 Singapore cents to 4.2 cents. On Tuesday, Oceanus’ short-sell volume nearly doubled to 70.3 million shares, from 35.3 million shares the day before. Two hours after the SGX query, Oceanus’ board said the company continues to make efforts to grow its business. It added that it was unaware of any information not previously announced which, if known, might explain the trading activity....Rounding up top investing articles from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group.
