New measures proposed to strengthen Singapore stock market
A slew of changes is being proposed by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) to strengthen the local stock market, in the wake of last October's penny stock crash.
The potential measures, unveiled on Friday, include having a minimum trading price for mainboard-listed shares of 10 to 20 cents.
The regulators are also proposing a requirement of 5 per cent collateral to buy shares, which could spell an end to unsecured contra trading here.
Another suggestion is to have investors' short-selling positions disclosed.