Singapore Medical Group stock was biggest volume jumper

Shares leapt to 53.1 million last week.

Following the group’s raising of stakes in Lifescan Imaging from 38.1% to 100%, Singapore Medical Group (SMG) nabbed the biggest volume of shares traded last week with 53,124,100 shares on Thursday and 49,160,900 on Friday.

Market update form SGX showed that SMG’s weekly volume was 10 times its three month weekly average, with a total return of 6.8% at the second week of August and a steep 92.1% YTD gain. The investment holding company’s stock price ended at $0.315 on Friday, up from the Wednesday close of $0.270.

Tailing SMG was August first week’s fifth placer Dairy Farm International Holdings that traded twice its three month weekly average volume. The stock gained 5.9% total return, while YTD total return was 15.0%.

OUE was second runner up, trading 1.5 times its three month weekly average volume and closing with 1.9% gain, paring its year to date decline to 9.8%.

The next biggest volume jumpers for the week were Sembcorp Marine, Yangzijiang Shipbuilding Holdings, Delfi, ARA Asset Management, Innovalues, Cache Logistics Trust and SMRT Corporation, SGX revealed.