Corporate Support
Sitemap
Singapore

ShareInvestor.com

Mobile Edition
Mode - Streaming
Switch to Static Mode?

Price Highlight

Index Highlight

Chart
STI
3,199.1
-12.4 (-0.39%)

 

  • STI Straits Times Index
    3,199.1
    -12.4 (-0.39%)
     
  • KLCI FTSE Bursa Malaysia KLCI
    1,601.2
    0.2 (0.02%)
    Index delayed 15 minutes
  • HSI Hang Seng Index
    27,083.0
    -269.7 (-0.99%)
    Index delayed 15 minutes
  • SSE SSE Composite Index
    3,036.1
    27.3 (0.91%)
    Index delayed 15 minutes
  • N225 Nikkei 225
    21,988.3
    228.7 (1.05%)
    Index delayed 20 minutes
  • JCI Jakarta Composite Index
    6,199.8
    -135.0 (-2.13%)
    Index delayed 10 minutes
  • KOR KOSPI
    2,055.9
    6.7 (0.33%)
    Index delayed 20 minutes
  • XAO XAO
    6,775.5
    -1.6 (-0.02%)
     

SGX Market

Bursa Market

HKEx Market

SET Market

IDX Market

ASX Market

NYSE Market

NASDAQ Market

NYSE American Market

  • Volume: 254.3M
  • Value: 201.5M
  • Rise: 89
  • Fall: 116
  • Unch: 629

Intraday Market Ticker Help

Intraday Market Ticker
Time Name Type Price Vol
  • Top Active

  • Top Gainer

  • Top Loser

Top Counters
Name Last Change
Rex Intl0.087+0.006
Sino Grandness0.052-
YZJ Shipbldg SGD1.100-0.020
GSS Energy0.070+0.003
Genting Sing0.905+0.005
Alpha Energy0.023+0.001
SunMoonFood^0.049+0.005
IEV0.025+0.002
MDR0.001-0.001
Sembcorp Marine1.300+0.030

World Indices

World Indices
Name Last Change
Nasdaq 8,176.7 -17.8
HSI 27,035.3 -317.4
HSCEI 10,585.0 -102.7
Jakarta 6,221.2 -113.7
Nikkei 225 21,988.3 +228.7
SSE Comp 3,035.0 +26.2
Shanghai A 3,179.5 +27.5
Shanghai B 275.9 +0.6
PSE Comp 0.0
KOSPI 2,055.2 +6.0

Asian Indices delayed. US Indices updated twice daily at 7:30am and 7:30pm.

News - Detailed News Story

Attilan^

Stock Chart
Last Done 0.002
Change - (-)
Volume -
Range - - -

Blumont

Stock Chart
Last Done 0.002
Change -0.001 (-33.33%)
Volume 700
Range 0.002 - 0.002

LionGold

Stock Chart
Last Done 0.001
Change - (-)
Volume 500
Range 0.001 - 0.001

SGX

Stock Chart
Last Done 8.530
Change -0.010 (-0.12%)
Volume 278.4
Range 8.490 - 8.550

Tighter rules to curb shady trading practices and restore trust

07 Aug 2019 09:00

By Angela Tan

BETWEEN June 2008 and November 2009, John Chionh and Kiew Yoon Seng engaged in false trading in the shares of Keda Communications (Keda) by crossing 52 trades with each other using trading accounts held with Phillip Securities Pte Ltd (PSPL). Chionh also conducted six wash trades in Keda shares that did not involve a change in beneficial ownership.

On top of creating a false appearance of active trading, the cross trades and wash trades artificially raised the price of Keda shares, with hikes ranging from 11 to 146 per cent from the previous traded price. The two were slapped with civil penalties of S$100,000 each for contraventions under the Securities and Futures Act (SFA).

It is such unlawful practices that the Monetary Authority of Singapore (MAS) wants to clean up. The regulator believes that with better enforcement and swifter actions against abusers, investor confidence in the Singapore stock market will be restored.

Hence, it is galvanising financial institutions (FIs) and brokers to help eradicate market abuse through its consultation paper on requirements on controls against market abuse and joint practice guide on trade surveillance with the Singapore Exchange (SGX).


ShareInvestor subscribers have full access to this article. ShareInvestor subscriber, please login to read the 16 remaining paragraph(s).

Source: Business Times
Disclaimer:

While reasonable efforts have been taken to ensure that the calculations performed by the features of this site are reliable, the features are provided on the basis that:-

  1. no liability is accepted for any errors or inaccuracies resulting from your use of these features;
  2. many of the data inputs (including share prices) are obtained from third party sources for which we assume no responsibility.