Up 9.26% pre-market: Nam Cheong 1MZ.SI (SES) on 9.49M volume, target S$1.23
The 1MZ.SI stock (Nam Cheong Limited, SES) surged 9.26% in pre-market trade to S$1.18 on 9,491,700 shares, far above its 50-day average of S$0.91. This high-volume move follows strong sector momentum in Industrials and signals active re-rating by traders. Volume is nearly 2.5 times the average daily trade, which makes this a clear high-volume mover in the Singapore market. Traders should note immediate support at S$1.11 and short-term resistance near S$1.19 as intraday levels settle.
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