Riverstone's stock price fell sharply by 3.14% during intraday trading, reflecting negative market sentiment toward the company's recent announcement.

The decline comes after Riverstone Holdings Limited disclosed that it will switch from voluntary quarterly financial reporting to half-yearly reporting in line with Singapore Exchange regulations. This reduction in reporting frequency may have raised investor concerns about reduced transparency and less frequent updates on the company's financial performance.

While the company also announced dividend distributions and full-year financial results around the same time, the market appears to have focused on the potential implications of less frequent financial disclosures, leading to the stock's downward movement.