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COMMENTARY

Penny stocks in focus as blue chips stagnate

CEFC's gravity-defying run prompts spillover rises; observers sense a China flavour in some of the smaller-stock plays

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Penny-stockfever gripped the Singapore stock market on Tuesday as its latest leader, CEFC International, continued its gravity-defying run with a stunning 64 per cent gain that took its rise in a little over a week to almost 900 per cent, creating spillover rises for several other low-priced issues such as Oceanus, Foreland Fabrictech, Sino Construction and WE.

PENNY-STOCK fever gripped the Singapore stock market on Tuesday as its latest leader, CEFC International, continued its gravity-defying run with a stunning 64 per cent gain that took its rise in a little over a week to almost 900 per cent, creating spillover rises for several other low-priced...

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