Retail investors appear to have returned to Singapore market, judging from today’s robust trading volume, says Dow Jones.
More than 2.76 billion shares changed hands so far vs 1.59 billion for whole of yesterday, clearing 2 billion mark for first time since February. Activity driven mostly by penny stocks, led by GMG Global (5IM.SG), Advanced Systems Automation(520.SG), United Fiber System (P30.SG).
More than 2.76 billion shares changed hands so far vs 1.59 billion for whole of yesterday, clearing 2 billion mark for first time since February. Activity driven mostly by penny stocks, led by GMG Global (5IM.SG), Advanced Systems Automation(520.SG), United Fiber System (P30.SG).
While STI +8.2% since beginning March, run-up so far not accompanied by substantial volume. Still, value of all shares currently traded on SGX not much higher than yesterday’s $1.17 billion, last at $1.52 billion, as penny shares main volume driver.
Whether coming sessions can attract equally robust volume remains to be seen, especially with investors expected to be watchful when Singapore earnings season begins next week. STI +0.5% at 2,990.59.
Whether coming sessions can attract equally robust volume remains to be seen, especially with investors expected to be watchful when Singapore earnings season begins next week. STI +0.5% at 2,990.59.
No comments:
Post a Comment