HYLAND stock index futures hit their highest level since October after a surge in sales led to an all-time high in volume.
The stock index closed at 10,742 points on Tuesday, a five per cent rise from the day before.HYLAND has been on a buying spree this week as it seeks to regain momentum after the stock market collapse of late.
The shares have jumped almost 25 per cent in the past two weeks and have climbed almost 80 per cent since October.HYLAN has increased its market capitalisation by more than $6 billion to more than US$7.4 billion, more than double its size two months ago.
It now has more than 1,000 businesses and a total of over 7,500 staff, including 400 in Singapore, as well as its main offices in the US, Canada and Australia.
Hyland’s share price has doubled over the past year, from $17.25 in July 2016 to more more than £28 a share by March 2018.
The company has been a leading provider of financial services and other technology to financial services companies in Asia, Europe and the US.
Its shares were trading above $25 in London, but were trading near the lower end of that range as the market closed.
Its market cap rose to $21.6 billion in June, up more than 50 per cent from the previous year.
HYLAND stock futures were trading at a premium to the S&P 500 index, which is trading at an average of 16.1 points per share.
The index has traded at levels last seen in May, when the stock was trading at just under 17 points per buy.