Catalist-listed Accrelist has triggered a query from Singapore Exchange Regulation (SGX RegCo) on its trading activity after the company’s share price climbed to a high of 5.3 cents on May 24, up 40.5% from its last close of 3.7 cents.
The share price climbed to 4.8 cents by 10.20am, where it stayed flat until a large trading volume in the latter half of the day saw the share price jump up to 5.3 cents at 4.04pm. The price represents a new 52-week high for the company.
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The query came in at 4.25pm, with SGX RegCo asking the company to reveal any information that could explain the trading activity. It also asked Accrelist to confirm its compliance with listing rules.
Shares in Accrelist closed 1.5 cents or 40.5% higher at 5.2 cents on May 24.
