SGX stock pulls back as MAS issues 'trade with caution'
MAS move, prompted by SGX's reply that it is not aware of any reason for price surge, surprises some market watchers
Singapore
IN the first such move, the Monetary Authority of Singapore (MAS) on Thursday slapped a "trade with caution" on the stock of Singapore Exchange, in response to unexplained surge in the share price on Wednesday. Some market watchers whom The Business Times spoke with expressed surprise over the MAS move but expected minimal impact on the stock's performance.
SGX's counter had surged as much as 5.62 per cent on Wednesday, before closing the session at S$8.18, up 4.47 p…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
GE Aerospace raises earnings goal on strong engine sales
BRC Asia to buy 19.9% of steel reinforcement company for S$16 million
Lockheed Martin reports higher sales on strong defence demand
UOI reports 67% surge in Q1 profit before tax to S$8 million, driven by favourable market conditions
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in
Apac Realty enters the Philippines with franchise agreement