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Aspen Group triggers SGX query after 55.9% share price hike

Felicia Tan
Felicia Tan12/29/2022 10:07 AM GMT+08  • 1 min read
Aspen Group triggers SGX query after 55.9% share price hike
Aspen’s group CEO Dato’ Murly Manokharan. Photo: Aspen
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Aspen Group has triggered a query from the Singapore Exchange Regulation (SGX RegCo) after its shares spiked by 55.9% to trade at 5.3 cents from its last-closed price of 3.4 cents.

In its filing at 9.42am, the market regulator noted Aspen’s “unusual volume movements” and asked the group to release any information that may have brought about the trading. It has also asked Aspen Group to confirm its compliance with the listing rules.

Shares in Aspen Group rose steadily since the market opened, reaching an intra-day high of 5.3 cents so far.

The company’s shares are also the most heavily traded among counters on the SGX-ST.

As at 10.06am, shares in Aspen are trading 1.6 cents higher or 47.06% up at 5 cents with 18.3 million shares changed hands. Only 828,000 shares in Aspen changed hands as at the close of the market on Dec 28.


See also: SGX RegCo issues ‘trade with caution’ on Healthbank Holdings after surge in trading volume and share price

Aspen Group, at 12.17pm, responded to say that the group is not aware of any information that could have triggered the unusual volume movements.

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