Why Frencken (SGX:E28) shares jumped to a 52-week high in Singapore trade
Frencken Group shares jumped 7.2% to S$1.79 in Monday afternoon trade, hitting a new 52-week high with volume more than triple the daily average. The rally followed gains in semiconductor stocks across Asia after a rebound in U.S. chip shares. No new company disclosures were posted Monday. Frencken’s next earnings report is scheduled for Feb. 26.