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No proof of broad-based market manipulation around company announcements: CFA study

But 'study based on categories; there could be manipulation not covered and not within scope of the study'

Genevieve Cua
Published Sun, Feb 4, 2018 · 09:50 PM

Singapore

A NEW study by CFA Singapore and global analytics firm CRISIL has found no statistical evidence of market manipulation around company announcements on the Singapore Exchange.

The study analysed publicly available data for the period between 2011 and 2016, and examined whether market manipulation - defined as the deliberate creation of a false market in a listed security with the aim of profiting from it - occurred around company announcements.

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