Sembcorp Marine queried over ‘unusual' share price movement

Submitted By:  Staff Reporter Case Study:  No More than 21 million shares of Sembcorp Marine were traded in Wednesday, fuelled by last-minute activity. The last minute surge of Sembcorp Marine’s shares in Wednesday afternoon triggered a query from the SGX over “unusual price movements.” Sembcorp Marine’s shares ended at $1.51 on Wednesday, up 7.86% from the $1.41-42 price it had maintained for most of the day. Activity surged approximately two hours before the market closed. In total, more than 21 million shares of Sembcorp Marine were changed hands during the day. read more