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AEM, UMS and CSE Global shares rebound after tech rout

AEM, UMS and CSE Global shares rebound after tech rout

[SINGAPORE] Shares of AEM, UMS Integration and CSE Global rose on Tuesday (Nov 10) morning, clawing back some ground after last week’s sharp sell-off in technology stocks.

AEM rose as much as 12 per cent to S$6.99 in morning trading. It then slipped to end the day at S$6.84.

UMS Integration gained about 5 per cent to S$1.79, and then eased to close at S$1.75.

CSE Global advanced some 5 per cent to reach a high of S$0.875, then pared some gains to close at S$0.85.

The three counters had fallen sharply last week, amid a broader retreat by technology stocks. AEM was the worst hit of the trio, shedding 16.8 per cent and recording S$27.1 million of net institutional outflows.

UMS fell 15.9 per cent with S$10.1 million of outflow, and CSE…

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