Shares in iFAST rose to $4.65 at 9.45am, or 8.64% up from its last close price of $4.28 before climbing to a high of $4.66 at 9.48am.
The “unusual movement” prompted a query from Singapore Exchange Regulation (SGX RegCo) at 9.45am asking the company if it was aware of any information that could have prompted the surge.
The market regulator also asked iFAST to confirm that it is in compliance with the listing rules, and noted that it was the fourth query issued in the past six months.
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