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MAS issues 'trade with caution' on SGX
THE Monetary Authority of Singapore (MAS) has slapped a "trade with caution" on Singapore Exchange (SGX) following the counter's increased traded volume and share price on Wednesday.
SGX on Wednesday said that it was not aware of any reasons that could possibly explain the trading in its shares on Wednesday, which climbed as much as 5.62 per cent, before closing the session at S$8.18. A total of 7.48 million shares switched hands.
MAS will investigate all possible transgressions and pursue all actions necessary to maintain a fair, orderly and transparent market, the regulator said in a statement.
As at 9.52am on Thursday, SGX's counter was trading down 0.244 per cent at S$8.16.