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SGX issues "trade with caution" warning on Olam shares

Singapore Exchange has issued a "trade with caution" warning on shares of Olam International after they rose as much as 9.9 per cent during the session.

SINGAPORE: Singapore Exchange (SGX) issued on Thursday (June 5) a "trade with caution" warning on shares of Olam International after they rose as much as 9.9 per cent during the session.

"In view of the trading activities observed and the issuer's response, shareholders and potential investors should exercise caution when dealing in the securities," SGX said.

Olam had earlier said, in response to an SGX query, that it was not aware of any reasons that could possibly explain the trading in its securities.

Olam shares closed 6.4 per cent higher on Thursday.

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