Thursday, June 25, 2015

All Investors should know this

Now that the SGX has named a new CEO in Mr Loh Boon Chye after Magnus Bocker, many analysts and financial commentators have put forth a list of work ahead for Mr Loh to carry out to continue building up SGX as one of the best stock bourses in the world. In the interim, the Oct 2013 penny stocks saga involving Blumont, Asiason (now know as Attilan) and LionGold may seem to be forgotten. Billions of hard-earned investors’ monies were wiped off in a mere few seconds during that trading day! While investigations are still ongoing, I would think that the investigative work seems to take a tad too long. It may be due to the many intricacies behind the “crash” of these penny stocks.
This episode seems to have not much a bearing on Singapore as a capitals markets but when these few socks went from $2 a share to the current 2 cents a share, it is really natural for investors to want to know what have caused this penny stocks saga. After the saga, I noted that there is still speculation in stocks, though the level is much smaller than before amidst the slew of measures by SGX like “circuit breakers”, “minimum lot sizes”, etc. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.
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