It was quite an eventful day for SGX between conversations of SGX CEO and Australia’s foreign investment regulator. This will shed some light in the long awaited outcome of the merger deal between SGX & ASX. Earlier this afternoon (5 April 2011, 1300hrs), Singapore Exchange Ltd. (S68.SG) Tuesday said it received notification from Australia’s foreign investment regulator that the Australian…
Tag: SGX
Singapore Exchange SGX – Accumulate – Stock Price / Stock Investment – Singapore Stock Market
SGX has fallen significantly months back for as much 20%. There should be some near term reprieve when STO, MACD is upturning. PSAR is also breached. Next target should be $8.8 if the support at $8.2 holds well. Next quarter should bodes well for SGX as trading volumes should pick up when investors return after the holidays. Long term wise,…