| Stock Rally Not Expected To Last In Sing |
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fallwindy
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| Stock Rally Not Expected To Last In Sing |
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The Singapore stock market on Tuesday wrote a finish to the three-day losing streak in which it had shed more than 80 points or 3.7 percent. The Straits Times Index regained support at 2,270 points following the slide, although analysts are predicting sharp declines at the opening of trade on Wednesday.
The global forecast for the Asian markets is laced with pessimism as investors are likely to be cautious ahead of the opening of corporate reporting season for the second quarter. A steady decline in commodities for the fifth straight day also is expected to weigh on investors. The European and U.S. markets finished sharply lower, and the Asian bourses are tipped to follow that lead.
The STI finished slightly higher on Tuesday, thanks to gains among the properties, telecoms and airlines.
For the day, the index added 6.17 points or 0.27 percent to close at 2,272.26 after trading between 2,263.52 and 2,292.04. Volume was 1.12 billion shares worth 998 million Singapore dollars. There were 207 decliners and 170 gainers, with 865 stocks finishing unchanged.
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fallwindy
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Fri Jul 10, 2009 8:35 am |
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ed2009
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Joined: 02 Dec 2009
Location: CA
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Why not invest some of your money in US stocks because you can make a lot if you do your research.
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Cash Loan
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Sun May 16, 2010 7:46 am |
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