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Bukit Sembawang says DBS report could explain share price surge

Michelle Zhu Published on Mon, Mar 06, 2017 / 5:03 PM GMT+8

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SINGAPORE (March 6): Bukit Sembawang Estates says a DBS Group Research report released last Thursday and subsequently picked up by the media could explain the stock's unusual price movements on Monday.

This was in response to an SGX query issued at 9.28am, after its share price leapt by 10.4% to $5.93 just 25 minutes after the market opened.

The stock had closed at $5.37 on Friday.

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Bukit Sembawang says DBS report could explain share price surge