SGX issues first trading cautions on penny stocks


epa03097416 A view of the metal sign for SGX Centre in downtown Singapore, 09 February 2012. Shares of Singapore Exchange Ltd (SGX) have risen to a six-month high after Deutsche Bank highlighted that the bourse operator may benefit from improving turnover on its exchange. SGX shares are currently trading at Singapore $ 7.21 (4.35 Euro) and have gained about 17 percent so far this year while the broader market is up 12 percent. EPA/STEPHEN MORRISON

SINGAPORE: Singapore Exchange Ltd (SGX) (pic) has issued its first ever “trade with caution” warnings, flagging two listed firms which have seen their share prices surge over the past two days after a penny stock scandal hit turnover last year.

The bourse told investors yesterday that they should be careful when dealing in the shares of Ziwo Holdings Ltd and Giken Sakata Ltd.

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Business , SGX , penny stocks

   

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