Philip Chua Business Blog

Posts Tagged ‘Times’

WITH Wall Street closed for the 4th of July holidays and Shanghai's key index sliding to a 14-month low, there was no way for the local bourse but to head south. That said, the Straits Times Index still showed remarkable resilience by remaining largely range-bound on low volumes, and closing the session just 0.17 of a point down at 2,844.02. Traders said that whatever little volume that was being ... more

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

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

NOT surprisingly, after losing about 70 points in a two-day sell-off on Tuesday and Wednesday, the Straits Times Index yesterday managed a bounce of 26.97 points to 2,959.01, described as 'technical' in some circles, but more likely due to short-covering. The broad market, however, was marginally firm, recording 226 rises versus 139 falls, excluding derivatives. Turnover was a moderate 1.9 billion... 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

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