Mapletree Log Tr (MLT) saw its units soar 3.33% during intraday trading on Wednesday, as investors reacted positively to the company's latest quarterly earnings.

The catalyst for the surge was the release of MLT's first-quarter financial results after the market close on Tuesday. The manager reported a distribution per unit (DPU) of S$0.01816 for the quarter ended June, marking a 0.2% increase from the previous year. Distributable income also rose by 1.1% to S$93 million, reflecting a steady operational performance.

The positive results have provided a boost to investor confidence, driving the strong upward movement in MLT's unit price during the session.