SMRT, SBS hit with trading queries after unusual share price spike

What's up with the transport operators?

Public transport operators SMRT and SBS Transit have been issued trading queries after an unusual spike in their share prices in early Friday trading.

SMRT jumped 5.4% to a high of $1.560 per share, a sharp spike compared to its last closing price of $1.47 per unit.

Meanwhile, SBS gained 7.8% to $2.07 per share.

Over 5.5 million SMRT shares have been traded as of 10:57 am, while over 997,000 SBS shares have changed hands.

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