Singapore Exchange Limited (SGX), the sole stock market operator in
the city-state, on April 23 reported that net profits slumped 22.4 per
cent year-on-year in March, as total securities trading volume fell 47
per cent in the same period.
That, market observers say, latest highlights the bourse's main
problem - soft volumes, which make it less attractive for fresh share
offerings from around Southeast Asia.
To compound its woes, sentiment was hit when three penny-stock companies - Asiasons Capital, LionGold Corp, and Blumont Group - suffered a rout in October that wiped around S$8 billion (US$6.4 billion) from their value in two days after a huge rally.
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To compound its woes, sentiment was hit when three penny-stock companies - Asiasons Capital, LionGold Corp, and Blumont Group - suffered a rout in October that wiped around S$8 billion (US$6.4 billion) from their value in two days after a huge rally.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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