THE Monetary Authority of Singapore (MAS) has slapped a "trade with
caution" on Singapore Exchange (SGX) following the counter's increased
traded volume and share price on Wednesday.
SGX on Wednesday said that it was not aware of any reasons that could
possibly explain the trading in its shares on Wednesday, which climbed
as much as 5.62 per cent, before closing the session at S$8.18. A total
of 7.48 million shares switched hands.
MAS will investigate all possible transgressions and pursue all
actions necessary to maintain a fair, orderly and transparent market,
the regulator said in a statement. As at 9.52am on Thursday, SGX's counter was trading down 0.244 per cent at S$8.16.
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