
Daily Briefing: SGX mulls change to minimum price rule; Is the local stock market a lost cause?
And SGX said to consider dual-class share structures.
Southeast Asia’s biggest exchange operator is proposing scrapping the S$0.20 ($0.15) minimum trading price rule for companies listed on its largest venue that have a market value of at least S$40 million. Such shares have greater liquidity and lower volatility than those with a lower capitalization, according to SGX. Read more here.
Deflation has been weighing heavily, with the CPI falling for 17 consecutive months. Any asset is going to struggle under such conditions, and Singapore stocks are no exception.As the summer doldrums take hold, a lot of investors will be wishing they had sold in May. So, is the Singapore stock market really a lost cause? Read more here.
Singapore Exchange Ltd. is likely to allow dual-class weighted voting rights for listed companies, after the city-state amended its laws this year to allow such structures, according to two people familiar with the matter. Read more here.