More brokers restrict ISR Capital trading
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Singapore
LOCAL brokerages Phillip Securities and OCBC Securities have joined other houses in restricting trades made on investment firm ISR Capital, as a massive rally in the counter looks at risk of reversing.
On Tuesday, ISR had hit an intraday high of S$0.285 and technical indicators suggested that the stock was severely overbought. That evening, Phillip Securities said that Internet buys in the counter will be prohibited "to control credit exposure".
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