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SGX urges investors to trade with caution in Digilife Technologies

Samantha Chiew
Samantha Chiew • 2 min read
SGX urges investors to trade with caution in Digilife Technologies
Bhupendra Kumar Modi, chairman and controlling shareholder of Digilife Technologies. Photo: Samuel Isaac Chua/ The Edge Singapore
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SGX RegCo has issued a "trade with caution" warning on Digilife Technologies (SGX:BAI) .

The technology service and solution provider saw its shares climb steadily from $1.12 on Jan 6 to $2.88 on Apr 11, representing an increase of $1.76 or 157%. The Straits Times Index (STI) rose by 21.11 points to 0.64% during the same period.

In particular, SGX highlighted that shares in Digilife rose $1.08 or 60% to $2.88 from $1.80 between Mar 1 and Apr 11, with Digilife’s share buyback account contributing about 70.6% of the buy volume for the stock.

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