Philip Chua Business Blog

Posts Tagged ‘STI’

THE Straits Times Index (STI) gained 45.41 points to 2,696.02 yesterday, thanks largely to Wall Street's avoidance of a total blowout on Tuesday and hopes that Western markets might stabilise during their Wednesday sessions - hopes that were lifted when Europe opened in the black late in the afternoon here. Brokers, however, were unsure of how lasting the local bounce will prove, given the market'... more

POSITIVE economic and corporate data boosted investor sentiment yesterday, with regional markets quickly recovering much of the ground lost in last week's knee-jerk sell-down in response to the US government's lawsuit against Goldman Sachs. The benchmark Straits Times Index (STI) yesterday promptly rebounded back above the 3,000-point level, closing 14.13 points higher at 3,002.62. Traders were up... more

A CASE of ‘buy in anticipation of Q1 window-dressing on March 31 and sell on the day itself?’
Perhaps not surprisingly given that there was already probable quarter-ending window-dressing of the Straits Times Index earlier in the week; yesterday’s session saw the STI slump 45.93 points to 2,887.46. This, after the index had risen 47 points in the previous four consecutive sessions.
Also, perhaps n… more

AS THE curtain fell on the first quarter, investors on the local bourse scrambled yesterday to lock in profits from a generally slow and steady March rally.
This sent the Straits Times Index (STI) tumbling 45.9 points, or 1.57 per cent, to 2,887.46, its biggest one-day fall since Feb 5.
This put paid to expectations in some quarters that the benchmark would end the quarter on a positive note.
Even… more

INVESTORS showed they were determined to end on a high note in what has been a wild year by sending the market to a 16-month high yesterday.
Banks and property counters were the stars on the last full day of business as traders dressed up their prices for one last final time.
It all helped to send the Straits Times Index (STI) up 10 points to 2,879.76, bringing the total gains for the year to 63.5… more

THERE was very little to distinguish yesterday’s session from Tuesday’s – the Straits Times Index (STI) rose, the broad market was mixed, volume was low and dealers who decided not to go on vacation spent the whole day wondering if perhaps they had made the wrong decision.
Other features reminiscent not just of Tuesday but also of previous days included a relatively heavier concentration of effort… more