MARKETS & INVESTING | Staff Reporter, Singapore

Opportunistic short-sellers swoop in on battered Singapore stocks

Commodity-related firms are prime targets.

Short-seller activity in Singapore's stock exchange jumped to a record high in January, according to a report by CNBC.

SGX saw its total short selling surge from 3.2 billion Singapore dollars ($2.24 billion) in December to 5.6 billion Singapore dollars in January, representing 25 percent of total volume, the highest since data became available in 2013.

Firms in the oil and gas sector, such as blue chips Keppel Corporation and Sembcorp Industries, were prime targets by short-sellers.

Read the report in full here

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