GMG Global Ltd stock price feb 1 2012

GMG Global Ltd stock price feb 1 2012 : Shares of Singapore-listed rubber firm GMG Global Ltd surged as much as 12 percent after Standard Chartered said its stock price underperformance relative to rubber prices was unjustified.

By 0215 GMT on Wednesday, GMG shares were up 9.4 percent at S$0.151 with nearly 155 million shares traded. This was 2.3 times its average full-day volume traded over the last five sessions.

Rubber prices have risen 27 percent from their lows in mid-November, but GMG's shares fell 16 percent, Standard Chartered said in a report. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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