What Happen To STI ?
Dow was up 96 points, Hang Seng was up 184 points, Nikkei up 100 points and SSE up 46 points. Why was STI downed 0.61 points?
As explained by one of my remisiers, it is mainly due to the strong SGD that is pushing funds to the sidelines. From a fund point of view, they rather offload the Singapore stocks at this current level (SGD vs USD) and opt to hold onto cash, ready to shift back to USD rather than continue to buy the Singapore market up.
As explained by one of my remisiers, it is mainly due to the strong SGD that is pushing funds to the sidelines. From a fund point of view, they rather offload the Singapore stocks at this current level (SGD vs USD) and opt to hold onto cash, ready to shift back to USD rather than continue to buy the Singapore market up.
Labels: Trading Digest
posted by Market Wizards @ October 20, 2009
Comments: 0
