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)