Rectitude Holdings Ltd. (RECT) shares fell 9.19 percent to $3.16, down $0.32 in Monday trading, even after the Singapore-based safety and industrial products provider announced a new partnership with Pansik Technology Pte Ltd. to promote its Super Sun Energy Storage System across Southeast Asia, Australia, and the Middle East.
Rectitude traded between $2.82 and $4.45 after opening at $4.25, compared with a previous close of $3.48. Volume rose to 18.92 million shares, sharply above the average of 11,223. The stock's 52-week range is $2.78 to $7.68.
Under the agreement, Pansik will serve as a rental and leasing partner for Rectitude's AIMS Series and portable power station products, with an initial purchase of about SGD $2.3 million in energy storage equipment over the next two months.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.