Hot stock: Oceanus sees active trading after Yaacob Ibrahim joins board

HEAVY volumes of watch-listed Oceanus Group shares changed hands on Wednesday morning after the abalone producer announced late on Tuesday that it had appointed former minister Yaacob Ibrahim as an independent director.

The counter was the most actively traded by volume on the Singapore bourse with 140.7 million shares changing hands as at 10.42am, surpassing the second most heavily traded counter, coal miner BlackGold Natural Resources, by more than 100 million shares.
Oceanus’ stock price hovered within the 0.7 Singapore cent to 0.8 cent range. Shareinvestor data showed there were no married trades.

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