Hot stock: Singtel shares fall nearly 2% in heavy trading as investors weigh Optus lawsuit

Hot stock: Singtel shares fall nearly 2% in heavy trading as investors weigh Optus lawsuit

November 1, 2024 / Sarkiya Ranen /


The Australian consumer watchdog is pursuing penalties, consumer redress, a compliance programme and costs from the telco’s unit

SHARES of telco giant Singtel were heavily traded on Friday (Nov 1) after court proceedings against its subsidiary Optus Mobile in Australia commenced the day before.

The counter hit a low of S$2.90 at 9 am after the market opened amid heavy trading and this marked the lowest price recorded since August 2024.

Two married deals were recorded in early trade, ShareInvestor data indicated.



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Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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