Marine Link
Wednesday, February 21, 2018

Sembcorp Marine Faces Exchange Query after Big Shares Fall

Maritime Activity Reports, Inc.

February 12, 2018

(Photo: Sembcorp Marine)

(Photo: Sembcorp Marine)

Shares of Singaporean rig-builder Sembcorp Marine closed 12 percent lower on Monday, their biggest daily fall in nine years, prompting a query from the bourse regarding the trading activity.
 
This is the second time in a month the Singapore stock exchange has issued a trading query to Sembcorp Marine after a sharp rise in the stock on Jan. 23.
 
Shares of the company closed down 32 Singapore cents at S$2.37 on Monday. They have risen 29 percent so far this year.
 
The company will report its financial results next week.
 
 
(Editing by Vyas Mohan)
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