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SHARES of mainboard-listed Manufacturing Integration Technology experienced heavy trading on Wednesday morning, when its share price surged as much as 26.7 per cent, prompting a Singapore Exchange (SGX) query about “unusual volume movements”.
Prior to the query, the company’s shares jumped 1.6 Singapore cents or 26.7 per cent to 7.6 cents, with about 6.3 million shares changing hands, as at 9.45am.
The share price later eased to 6.9 cents, up 15 per cent or 0.9 cent as at 10.28am, following the query. As at 11.27am, the shares were trading at 7.1 cents, up 1.1 cent or 18.3 per cent.
No married deals were recorded in early trade, according to ShareInvestor data.