A NEW day, another nondescript session. The Straits Times Index (STI) on Thursday displayed all the verve of a patient on life support, finishing a coma-inducing session a nett 3.3 points weaker at 3,327.84.
Turnover amounted to a weak 907 million units worth S$912.4 million; and excluding warrants, the advance-decline score of 208-221 which left about 400 stocks either not traded or unchanged suggested that many investors and traders spent their time indulging in other more exciting pursuits, among them watching grass grow.
For want of better reasons, most brokers pointed to Greece and China as the main reasons for the weak state of trading, though many privately admitted that trading has been dead for many months now.
Still, with China's stock market gyrating as much as 10 per cent per day and with Greece still tottering on the brink of financial ruin, it stands to reason that sentiment here must have been affected.
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Turnover amounted to a weak 907 million units worth S$912.4 million; and excluding warrants, the advance-decline score of 208-221 which left about 400 stocks either not traded or unchanged suggested that many investors and traders spent their time indulging in other more exciting pursuits, among them watching grass grow.
For want of better reasons, most brokers pointed to Greece and China as the main reasons for the weak state of trading, though many privately admitted that trading has been dead for many months now.
Still, with China's stock market gyrating as much as 10 per cent per day and with Greece still tottering on the brink of financial ruin, it stands to reason that sentiment here must have been affected.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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