Singapore stock market is a bit more bearish than usual.
That’s because of the country’s recent decision to implement a “market freeze”, according to the countrys largest stock exchange, and investors are trying to sell their shares before it goes into effect.
The countrys most populous city, Singapore, is known for its beautiful, green and cosmopolitan waterfront, and it is often touted as one of the safest cities in the world.
But in recent months, Singapore has faced severe price volatility, and is currently trading at a record low of -8% for the year.
That means investors have been looking for other safe havens in order to get the latest and greatest news.
While the government is trying to put the stock market back on track, the government has been cracking down on what it deems to be unscrupulous and potentially manipulative activity on the market.
As the Singapore Stock Exchange (SGSE) announced that the country will implement a market freeze, there have been reports of the government seizing hundreds of millions of dollars in assets.
The SGSE has now said it will ban all trading activity from January 3, 2018, for the first time in its 70-year history.
“We are currently in the process of working with the authorities to identify a safe and orderly way forward for Singaporeans to trade,” the Singapore Securities Authority said in a statement.
The authorities have also announced that it will begin imposing capital controls on people who trade or buy shares from January 1, 2019.
The freeze will only apply to Singaporeans who are aged over 65 and who hold shares that are worth more than $20,000.
The Singapore Stock Market has been trading at about 8% annualised for the last five years, according to FactSet data.
But that was before the country announced a market lockdown on January 3 and introduced a stock freeze on January 4.
The market is currently at a level of -0.7%.
The stock market was trading at 8% a year ago before the stock freeze, according for the SSE, and was trading around 8% at the start of the market lock down.
The government has also been cracking up suspicious trading on the stock exchange.
The last time the stock price was in a bearish territory was on January 11, 2017, when the Singapore stock exchange closed down after the country adopted a market lockdown.
That was the same day the country introduced a market cap cap limit of $1.1 trillion, which effectively banned the exchange from holding any new shares.
The new market cap limit also meant that the Singaporean government was able to stop a huge surge in foreign direct investment.
The capital controls have also caused some stock market traders to panic.
While the stock has risen more than 500% since January 1 in Singapore, its volatility has not budged.
The market has been at about 7% a week since the freeze took effect.
In total, more than half of the stocks in the S.S.E. have been trading below the market cap in the last month, according FactSet.
The SSE is now looking to close the gap by tightening restrictions on foreign direct investments, which have risen by $5 billion a day, to $2.1 billion.
The stock exchange is also tightening restrictions for individuals who hold stocks that are above the market capitalisation of their company.
In its statement, the SESA said it is “currently monitoring the situation closely to determine if we can restore the market to its normal trading levels.”
This is a developing story.
Please check back for updates.