SMRT share price jumped 18.54% today

Share price of SMRT jumped 18.54% today (+19 cents) to end at $1.215. Its share price had been about $1.01 to $1.05 since February. This single day movement was unexplained and Singapore Exchange had advised investors to trade with caution.

From 6 April, fare increase kicked in at 3.2% for all commuters on public transport. This can be a contributory factor to an interest in SMRT and SBS Transit. (Share price of SBS Transit increased 7.63% today, but still significantly lower than SMRT’s.)

Let’s see how this will turn out.

Copyright © 2014, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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