tag:blogger.com,1999:blog-1602023866179666640.post9217832706264263303..comments2024-03-29T16:13:18.422+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Stocks finish higher, with S&P 500 halting three-day losing streakCreatewealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1602023866179666640.post-50524727520882723642014-01-08T09:56:28.584+08:002014-01-08T09:56:28.584+08:00Blue chips flounder as pennies lead
STI makes a m...Blue chips flounder as pennies lead<br /><br />STI makes a modest recovery before ending down for a third straight session<br /><br />By R Sivanithy<br /><br /><br /><br /><br />HAVING already dropped 52 points in total on Friday and Monday, the Straits Times Index yesterday initially managed a modest rebound, probably thanks to short-covering.<br /><br />As the session progressed, however, the selling resumed, dragging the index to a third consecutive loss, this time 2.94 points at 3,120.88.<br /><br />Unit turnover remained elevated at 3.9 billion units due largely to penny punting, and dollar turnover was raised past the billion dollar mark at $1.2 billion thanks to increased volume done in OCBC - about 19 million. The counter ended 12 cents down at $9.75 after the bank said it is in talks to possibly take over Hong Kong's Wing Hang Bank, and its trades contributed $182 million towards total turnover.<br /><br />Excluding warrants there were 232 rises versus 193 falls in the whole market. Penny stocks in play included Federal International, KLW and Charisma Energy.<br /><br /><br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.com