Posts Tagged ‘local market’
Greek-related selling batters STI
Worries over China property, Greece hang heavy on stocks
Will markets recover to pre-2008 levels?
IF YOU are betting on the local market today, chances are you will be leaning towards the bears.
After all, with a negative Friday close on Wall Street, a market holiday today in the US and lingering concerns over an overheating property market in China, there seems little reason to hope for a positive session here, or across the region.
The Dow Jones tumbled 100.9 points to 10,609.65 last Frida… 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
Boring session with penny stocks in play
WEAKNESS in Hong Kong and expectations of a possibly soft session for Wall Street meant that the local market underwent an indifferent session yesterday in which rotational punting of penny stocks was the main focus. The Straits Times Index, in the meantime, didn’t show much conviction throughout the day, spending most of the session moving in tandem with Hong Kong’s Hang Seng Index. With the latt… more
STI edges up in lacklustre trading
THE closure of the Hong Kong market for a public holiday yesterday meant that the local market was mainly left to run on its own steam and in this regard, it turned in a disappointing performance – stocks mainly drifted in low volume throughout the day. The Straits Times Index’s movements displayed all the hallmarks of a market unsure of what to do next while lacking in direction when it traded wi… more



