Sgx Singapore News Update : Epic Research Singapore

Shares in Tiger Airways Ltd surged as much as 21 per cent to a seven-month high on Friday on what traders said was speculation that its largest shareholder, Singapore Airlines Ltd, was planning to increase its stake in the loss-making carrier.

By 1620 local time (0820 GMT), Tiger's shares were up 16.7 per cent at S$0.525. Nearly 29 million shares were traded, 12.9 times the average traded over the past 30 days and the highest volume in two years.

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