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.
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