MAS flags sudden, unexplained jump in SGX's share price

Trade with caution when it comes to this security.

The Monetary Authority of Singapore (MAS) today flagged that sudden and unexplained jump in SGX's share price yesterday.

The central bank issued a 'trade with caution' warning against the market operator after SGX's share price jumped by 5.62% yesterday, July 1.

The MAS also flagged the marked increase in the share's traded volume.

SGX's traded volume jumped to over 7.5m shares yesterday, more than double the 3.7m shares that changed hands on the preceding trading day.

In response to the MAS, SGX said that it is unaware of any reasons behind the unusual activity of its stock.

"Shareholders and potential investors should exercise caution when dealing in the securities. MAS will investigate all possible transgressions and pursue all actions necessary to maintain a fair, orderly and transparent market," the MAS said.

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