STOCKS | International Business Settlement Slumps 20% On Heavy Turnover

International Business Settlement (00147) fell as much as 20% to an intraday low of HK$0.227 and was last down 20% at HK$0.228, according to ETNet. The stock hit a high of HK$0.285 and traded 143 million shares worth HK$36.48 million. The active buy-sell ratio was 31:69, with net active selling of HK$13.59 million. The largest net passive buyer was BOC International Securities, with HK$4.2422 million at a weighted average price of HK$0.254, while IMC Asia Pacific was the largest net passive seller, with HK$1.4463 million at a weighted average price of HK$0.257.