Seatrium’s share spike could be attributed to the company’s memorandum of understanding (MOU) signing with BP for a second deepwater floating production unit project announced on the morning of Feb 13.
Shares in Seatrium closed 25 cents higher or 10.87% up at $2.55 on Feb 13 while shares in Yoma Strategic closed 1.4 cents higher or 17.72% up at 9.3 cents on the same day.
Both counters were the two most heavily traded on the Singapore Exchange (SGX:S68
) (SGX). About 118.7 million shares in Yoma representing a total value of $10.86 million changed hands by the end of the day. At the close of Feb 13, some 108.23 million shares in Seatrium representing a value of $268.58 million changed hands.
