THE penny-stock rally of the past fortnight at Singapore Exchange appears to be running out of steam, judging by Tuesday's trading session.Instead of a total turnover of 2.5-3 billion units and a unit average of S$0.30-0.40 that punters had become accustomed to earlier this month, volume amounted to just two billion units worth S$1.3 billion for an average of S$0.65.
The Straits Times Index (STI), in the meantime, enjoyed a mild rebound after Monday's 21-point sell-off, rising 5.36 points or 0.15 per cent to 3,508.61, thanks mainly to gains in the Jardine stable. Excluding warrants, the advance-decline score was 262/199.
Fifteen of the top 20 most actively traded stocks were priced below S$0.20. Three STI components - Singtel, Noble Group and Genting Singapore - made it to the list.
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