Flurry of corporate activity puts SGX to the test
In a market plagued by poor volume and low volatility, credit has to go to the local corporate sector for keeping interest in equities alive with regular announcements of takeovers, rights issues, joint ventures, asset consolidations, signing of memorandums of understanding and placements. Such deals have often had a positive impact on sentiment and with trading conditions as weak as they are, anything that helps keep interest in local stocks alive is to be welcomed.