Philip Chua Business Blog

Posts Tagged ‘local market’

A 2.1 per cent loss for Hong Kong's Hang Seng Index and a sea of red across Europe when markets there opened in the afternoon meant the local market had to withstand another day of selling. The Straits Times Index, which in the middle of the session enjoyed a bit of support from short-covering, fell for the third consecutive session, this time by 40.87 points to 2,860.31, bringing its three-day lo... more

SELLING in China and Hong Kong and a weak opening for Europe because of concerns over Greece yesterday spilled over to the local market, dragging the Straits Times Index down 10.94 points to 2,991.68. The weakness was broad-based - excluding derivatives, there were 289 falls versus 166 rises. As always in times of softness, traders resorted to churning the low-priced pennies for opportunities - ex... more

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

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

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

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