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Sinarmas Land loses SGD22.8 million (US$16.4 million) in MCap, steepest heavyweight fall in Real Estate Management and Development sector Thursday August 29, 2019 17:00 SGT

Aug 29, 2019 - News Bites - Asia: Singapore
Financial Results

SINGAPOREAN DAILY STOCK REPORT

Sinarmas Land Limited (SI:A26), Singapore's 14th largest Real Estate Management and Development company by market cap, has dropped 0.50c (2.2%) from its previous trading session to close at 22.0c. Compared with the Straits Times Index which rose 25.4 points (0.8%) in the day, the relative price change was -3.1%. The fall was exacerbated by extraordinary volume of 3.7 times the average daily volume of 97,422 shares. It posted the steepest fall in MCap with the...