Volume Leaders Led by Real Estate Plays
OREANDA-NEWS. This report presents the 10 actively traded stocks that saw the biggest leap in its trading volumes compared to its average trading volume for the past three months. For the purposes of this report, a stock qualifies to be actively traded if it has been listed for at least three months and maintains a three month historical daily turnover of at least S$500,000.
Of all the actively traded stocks listed on Singapore Exchange (SGX), GuocoLand saw the biggest volume leap last week with last week’s volume more than 10 times its three month average. GuocoLand’s leap in volume was primarily due to a large transaction on Wednesday. While the share price of GuocoLand ended the Wednesday session at S$2.00, it ended the week at S$2.02; higher than the end August close price of S$1.91.
On 30 August, GuocoLand reported audited consolidated earnings results for the fourth quarter and Full Year (FY) ended June 30, 2016. For the FY, the company reported profit for the period at S$622,498,000 compared to S$243,813,000 a year ago. After GuocoLand, the next biggest volume leaders were also real estate plays - Frasers Centrepoint Limited, Far East Hospitality Trust and Perennial Real Estate Holdings. On the Friday session alone, Frasers Centrepoint Limited traded 23 times its average daily volume of the past three months with S$14.7 million in value traded on the Friday close, which compared to a three month average daily turnover of S$783,088. The next six volume leaders were ISR Capital, Japfa, SIIC Environment Holdings, Venture Corporation, Keppel Telecommunications & Transportation and Jardine Cycle & Carriage.
Of the 10 stocks, just SIIC Environment Holdings was also amongst the 10 biggest volume leaders last week, in addition to the week before. To see more details on the price moves, corporate announcements and actions of each of the 10 stocks, click on each stock name below.