SHARES in healthcare play Medtecs International Corporation extended gains to rise over 14 per cent on Thursday afternoon amid broad market gains.
This comes after the company on Tuesday reported a substantial increase in its half-year earnings. For the six months ended June 30, 2020, MedtecsFollowing the announcement,to hit S$1.41 by the closing bell on Wednesday, up 43.5 Singapore cents. Having risen from 3.7 Singapore cents on Dec 31, 2019, its price as at Wednesday's close represents a gain of 38 times in the year to date.
As at 3.02pm on Thursday, the counter was trading at S$1.61 on a cum-dividend basis, up S$0.20 or 14.2 per cent. Some 88.2 million shares changed hands, making it the most active by value on the Singapore Exchange , and the second-most heavily traded counter by volume as at afternoon trade.
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