Hot stock: Moya jumps 13% on heavy volume, calls for trading halt

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HotStock: Moya jumps 13% on heavy volume, calls for trading halt

SHARES of Catalist-listed Moya Holdings climbed on Thursday amid active trading in the morning.

The counter had risen 13.4 per cent or nine Singapore cents to reach an intraday high of 7.6 Singapore cents at around 9.26am and again at 10.12am. It then eased to 7.4 cents as at 11.13am, just before Moya called for a trading halt pending the release of an announcement. About 25.4 million shares had changed hands by 11.13am, which made the Indonesian water treatment company one of the most heavily traded securities by volume on the Singapore bourse.

Before Thursday, the Jakarta-based company’s latest bourse filing was made on Nov 7 after market close, after Moya shares had likewise surged in trading volume and price. The counter had gained 7.5 per cent or 0.5 Singapore cent to close at 7.2 cents that day, with 34.2 million shares traded.

 

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