More brokers restrict ISR Capital trading

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".