Trade With Caution not intended as a black mark against companies: SGX

THE Singapore Exchange (SGX) said its new "Trade With Caution" notification is not intended as a black mark against the company on whose shares the notice is issued, but merely an enhancement to the exchange's ongoing public queries.

"Trade With Caution" is a new regulatory tool that the exchange introduced from March 3 after consultation with the Monetary Authority of Singapore to augment its routine queries into odd price or volume movements," said an SGX spokeswoman when contacted by BT yesterday.

"It is a signal to investors to be cautious when trading in that company's stock and serves as a warning that the trading activities in that company's stock could be caused by market forces other than the corporate developments of the company," she said.