MTP takes effect; new watch-list imminent

Singapore

THE minimum trading price (MTP) is now in place on the Singapore Exchange's (SGX) Main board, but analysts expect no significant market reaction to a new watch-list of non-compliant companies.

SGX said it would release the watch-list "very soon" but declined to give a specific time or date.

The changes come from the requirement that Mainboard-listed companies maintain a six-month volume-weighted average trading price (VWAP) …