Singapore equity trading plunged to a 2-year low in November

Due to penny-stock curbs.

According to Bloomberg, the value of equities traded on Singapore Exchange Ltd. (SGX) sunk to a two-year low last month, threatening to slow the bourse’s earnings growth, as brokerages restricted investments in so-called penny stocks after three commodity companies plunged.

The average value of shares transacted daily on Southeast Asia’s biggest exchange fell to S$914 million ($728 million) in November from S$1.3 billion a year earlier, according to data compiled by Bloomberg. That’s the lowest since December 2011. Trading sank 36 percent in the past two months after a slump in Asiasons Capital Ltd., Blumont Group Ltd. and LionGold Corp. erased $6.9 billion in market value over three days in early October, the data show.

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