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HOCK LOCK SIEW

Volatile penny stocks demonstrate need for minimum trading price

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The penny stock volatility over the past few weeks was a timely reminder of why the need exists for a minimum trading price on the Singapore Exchange (SGX).

THE penny stock volatility over the past few weeks was a timely reminder of why the need exists for a minimum trading price on the Singapore Exchange (SGX).

At the very least, a minimum trading price will put a stop to the phenomenon of counters trading close to the minimum tick size of 0