This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
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ReplyDeleteSINGAPORE: Singapore shares closed lower on Monday amid weaknesses in Asian markets as investors in China are concerned that the restart of initial public offerings after more than a year will create a share glut.
Investors were also given a cool lead from Wall Street, where the Dow edged up 0.17 percent but the S&P 500 and Nasdaq both ended down.
The ST Index ended the day 7.65 points lower, or 0.24 per cent, at 3,123.82.
Volume was 3.51 billion shares worth S$798.3 million. Loser outnumbered gainers 235 to 183.
At least fifteen companies have released prospectuses for initial public offerings (IPOs) on the Shanghai and Shenzhen stock exchanges since the market regulator last year said it would end a freeze on listings.
The move comes as traders are already concerned about liquidity in China's financial markets, with the Shanghai index slumping in December as the rate at which banks lend to each other surged.
Among the gainers, Agribusiness company Wilmar International rose 0.30 per cent to S$3.36.
Real estate developer Capitaland eased 0.67 per cent to S$2.96.
- CNA/AFP/de