Penny Stock: A once-in-two-decade penny stock fever
IF 2020 is the year of rubber glove manufacturers and technology-related counters, penny stocks deserve at least a notable mention. The penny stock fever on the local bourse has not been seen for at least 20 years since the dotcom bubble burst. The eye-popping share price rally lured long-absent retail investors to the stock market and that, in turn, lifted the daily trading volume to a record high of 27.8 billion shares on Aug 11. At the height of the penny stock fever in August, share prices hitting limit up were not a rare sight. On Aug 7, 12 stocks hit limit up, including HLT Global Bhd,Â...
Source: theedgemarkets.com