Over a fifth of SGX Mainboard stocks in MTP danger zone

Singapore

NEARLY a month after Singapore Exchange's (SGX) minimum trading price (MTP) rule kicked in, more than a fifth of Mainboard-listed firms on the local bourse still appear to be in the danger zone.

There were 172 companies that had a six-month volume-weighted average price (VWAP) below the S$0.20 MTP as at March 23, data from a proprietary Counters for Mainboard Inclusion (CMI) Tracker developed by The Business Times show.

Among these firms, 122 also had a last traded price that was below the MTP - which worked out to around 21.9 per cent of …