Floating Button
Home Capital Right Timing

Caution warranted with penny stocks at overbought highs as STI slumps

The Edge Singapore
The Edge Singapore  • 2 min read
Caution warranted with penny stocks at overbought highs as STI slumps
A couple of penny stocks are at overbought highs and could come tumbling down.
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Selected penny stocks have been driven to new seven to nine year highs by speculative buying. Oceanus Group, which is still under the SGX’s watchlist, was queried by the Exchange on Feb 19. Its share price has surged since UOB Kay Hian pointed out that the company is attempting to turn around in a January report.


For more stories about where the money flows, click here for our Capital section

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.