,Singapore

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)
 

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