The Business Times
SUBSCRIBERS

Hot stock: NetLink NBN Trust hits four-year low on heavy trading ahead of 2024 fee cut

google-preferred-sourceAdd BT as a preferred source
Mia Pei

Mia Pei

Published Mon, Nov 27, 2023 · 08:34 AM
    • NetLink Trust will set aside a capex reserve of S$40 million for the new pricing period.
    • NetLink Trust will set aside a capex reserve of S$40 million for the new pricing period. PHOTO: BT FILE

    UNITS of NetLink NBN Trust fell as much as 1.2 per cent in heavy trading in the first half of the trading session on Monday (Nov 27), following its announcement that key service fees it charges would be lowered from April next year.

    With 4.1 million shares changing hands as at 11.42 am, the counter hit S$0.81. The last time it closed at this level was in March 2019.

    As at the midday market break on Monday, units of NetLink had recovered some ground, trading down 0.6 per cent at S$0.815. With 4.2 million units traded, it was the 24th most traded counter by volume on the Singapore Exchange.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    netlink nbn trustIMDA

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More