SHARES of Catalist-listed healthcare players Medtecs International Corporation and UG Healthcare tumbled at around the same time during Monday's afternoon trade, prompting separate queries from the Singapore Exchange .
SGX flagged"unusual price movements" for both counters and asked whether the companies were aware of any information not previously announced which might explain the trading activity. It also asked them to confirm their compliance with Catalist Rule 703. Integrated healthcare products and services provider Medtecs International, which produces personal protective equipment, saw its shares sink by 35 per cent or 30.5 Singapore cents to an intra-day low of 56.5 cents at around 2.02pm.
The counter then recovered slightly to S$0.73 as at 3.45pm, down S$0.14 or 16.1 per cent from Thursday's closing price. Meanwhile, disposable glove manufacturer UG Healthcare's shares fell 28.9 per cent or S$0.57 to S$1.40 at about 2.08pm. The stock later regained some ground to trade at S$1.76 as at 3.45pm, down S$0.21 or 10.7 per cent from the previous close.