Singapore Stock Market News

Final leg of Dragon Year Rally?

StockFanatic
Publish date: Mon, 06 Feb 2012, 10:31 AM
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The Singapore stock market has done well for 2012, gaining 10.3% year-to-date. Even long suffering small caps have benefited from this rally. CIMB Securities have observed interest funnelling down to low priced shares or the more unflattering term 'pennies'. This is always a warning sign to be cautious as history has always shown that the market is ripe for correction once the market reaches this stage. Meanwhile, traders may find this list of stocks (see tables below) with absolute price less than 15cts that have yet to move year-to-date helpful.

Stocks trading less than S$0.15
Table 1
Table 2 (Source from Bloomberg)
Source : CIMB Securities Research
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