Posts Tagged ‘Hong Kong’
Greek-related selling batters STI
Worries over China property, Greece hang heavy on stocks
Another ho-hum session
THE local stock market yesterday continued to display the same features which have been a hallmark of trading for more than a month now – low liquidity, mainly rotational activity generated by dealers and proprietary desks, and as far as blue chips were concerned, a reliance on Hong Kong first for direction, then Europe.
All of which is another way of saying that trading representatives mainly rep… more
Indifferent session after recent rally
HONG Kong’s weakness probably played a pivotal role in yesterday’s 5.36-point loss in the Straits Times Index to 2,913.94, although just as important was the fact that the index had already shot up by 130 points since closing at 2,790 on March 5. A third factor was Europe’s soft opening across all markets, suggesting that expectations were for a weak Thursday on Wall Street.
Genting Singapore was … more
Wednesday’s fatigue continues
THE tiredness exhibited by the local market on Wednesday proved to be a precursor of things to come as prices fell yesterday across-the-board. Weighed down by weakness in Hong Kong and by expectations of a soft Thursday for Wall Street, the Straits Times Index finished 17.24 points down at 2,913.25, with the broad market recording 256 falls versus 190 rises, excluding derivatives. In the previous … more
Penny stocks take centrestage
PENNY stocks were all the rage yesterday as trading for 2010 first got off to a slow start but picked up as the day wore on. The Straits Times Index, as always, depended on Hong Kong’s Hang Seng for direction, thus closing a nett 3.07 points weaker at 2,894.55 when the Hang Seng also closed marginally softer.
But it was in penny stocks that the real action was to be found and this was amply refl… more



