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Penny play shows signs of flagging

Average price of stock traded goes up to S$0.65, from S$0.30-0.40; STI makes a mild rebound after Monday's sell-off

Published Tue, Apr 21, 2015 · 09:50 PM

THE penny-stock run of the past fortnight appears to be running out of steam, judging by Tuesday's trading session. Instead of a total turnover of between 2.5 billion and 3 billion units and a unit average of S$0.30 to S$0.40 that punters had become accustomed to this month, volume amounted to just 2 billion units worth S$1.3 billion for an average of S$0.65.

The Straits Times Index (STI), in the meant…

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