Shares & Derivatives
A 14,600% upsurge in this Singapore stock on 2 Feb 2016
By Singapore Stocks Investing (SSI)  •  February 6, 2016
As I was going through some stock charts, one stock chart caught the attention of me as I noted a large stock candlestick in the charts. This stock closed at $0.137 on 1 Feb 2016 and opened at $20 on the following day hence the stock price went up by about 14,600% at the opening on 2 Feb 2016. The stock finally closed at $0.127, went down by 7.3%. So why the rally in opening price of the stock to such a high price? I do not know, but I believe it must have been an erroneous keying in of the trade. The name of this stock is Dyna-Mac stock. Though I do not really know the exact mechanism of the stock pricing, I am surprised that such a trade could show up in SGX which is benchmarking to be a leading bourse in the world. And ......
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By Singapore Stocks Investing (SSI)
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