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Transport stocks experiencing gyrations

PC Lee Published on Mon, Jul 18, 2016 / 10:56 AM GMT+8

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SINGAPORE (July 18): Singapore transport stocks are experiencing volatility.

The stock of bus operator SBS Transit is behaving oddly, falling 7.4% to $2.50 after surging 8.9% on Friday to its highest level since the global financial crisis in 2008.

Meanwhile, SMRT Corp, Singapore’s main rail operator, remains on a trading halt at $1.545 following an announcement Friday about selling its train assets to the government.

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