Singapore traders anticipate a penny rally post restrictions issue

Market 'panic' said to cause a sell-down in small stocks.

According to OSK, traders are expecting a penny rally today with the once restricted designated stocks leading the pack.

Here's more from OSK:

SGX  has announced on Friday after market hours that i would lift the restrictions as trading in these stocks has stablised.

The panic triggered by these counters has caused a sell-down in small stocks such as Albedo and CNA Group as investors turned skittish and there could be a rebound on penny stocks to regain some ground. (Business Times)

Get Investment Asia in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The Lion City also has the highest insurance penetration amongst the six markets at 5.9%.
On back of a modest increase in US interest rates.
As Asian hedge funds outperformed peers.
Lousy start for 2014, says analyst.
Santa is on his sleigh and the elves won't be back until Jan 6.