Oceanus has triggered a query from the Singapore Exchange Regulation (SGX RegCo) at 2.32pm on June 8 after its shares dropped by 0.2 cent or 9.091% to 2.0 cents.

Oceanus was also the most heavily traded counter with 183.6 million shares changed hands, representing a value of $3.86 million.

In contrast, the counter only saw some 0.43 million shares changed hands the day before.

In the query, SGX RegCo noted the “unusual volume movements”, and asked Oceanus to reveal any information that may have been possibly responsible for the high trading volume.

The market regulator has also asked Oceanus to confirm its compliance with the listing rules.

In its reply at 5.31pm, the company confirms it isn't aware what might have caused the unusual trading pattern and that it believes it is in compliance of relevant rules.

<span class='see_also_inread'><b>See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='/news/sgx-query/sinostar-pec-triggers-sgx-regco-query-after-shares-surge-20?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>Sinostar Pec triggers SGX RegCo query after shares surge by 20% </a></b></span>

Oceanus shares closed June 8 at 2 cents, down 9.09% for the day.

Oceanus triggers SGX query after 'unusual' trading volume

Will the Rising Sun keep rising?

Fed signals higher-for-longer rates with hikes almost finished

EQT Impact Challenge offers platform for impact entrepreneurs to attain 'patient capital'

Singtel to sell 20% stake in regional data centre business valued at $5.5 bil

SoftBank has either reopened the IPO market or killed it

Equity markets dictated by rising risk-free rates

Sheng Siong signs new lease agreement in China

KDCREIT obtains $120 mil sustainability-liked Islamic credit facility

Oceanus triggers SGX query after 'unusual' trading volume

Related News

Highlights

Will the Rising Sun keep rising?

Related News

What SGX RegCo expects of disclosures around key financial indicators

Sinostar Pec triggers SGX RegCo query after shares surge by 20%

Aoxin Q&M triggers SGX query after shares surged by 44% (update)