Shares & Derivatives
[Paywall] Singtel share price in mood swings
By SG Wealth Builder  •  March 23, 2024
For Singtel share price, it never rains but pours. The shares of Singapore’s largest telco went through some bouts of volatility lately. On 13th March, short selling volume on Singtel rocketed to a staggering 20 million and then nearly 30 million on 14th March. Apparently, short-sellers went in for the kill following the adverse news of Singtel losing its Australia court case on the financing of the acquisition of Optus. Nonetheless, Man proposes, God disposes. Fake news on the supposedly divestment of Optus by Singtel might have caused short-sellers to suffer a horrendous short squeeze as Singtel share price surged 3.33% within the past 5 days. The turn of events might have walloped short sellers who were looking to profit from Singtel’s woes as Singtel came out to rubbish the divestment of Optus on 13 March. Bizarrely, the month of March 2024 turned out to be a particularly busy month for Singtel as a series of event unfolded to affect the for...
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By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
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