Amidst talks of the US Quantitative Easing tapering, the Singapore stocks markets have been trading, if I may say, cautiously or in a consolidating manner. Penny stocks have been chalking up the top volumes stocks with profits until the suspension of three stocks: Asiasons, Blumont and LionGold by SGX. When the three stocks resumed trading yesterday, their stock prices headed south by around 70% to 85% and their price directions also shaped the price directions of other smaller-cap and penny stocks as many of these stocks also headed south in their stock prices. The top volume stocks were still dominated by these smaller-cap stocks but their stock prices have headed south in general.
With the Singapore stock market not investing too much in the blue caps or larger-cap stocks due to the US macro-economic outlook, investors have been flocking to penny and smaller-cap stocks and now with the episodes of ...
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