Read? STI Technically Into Bear Market (2)
SINGAPORE equities resumed trading on Friday afternoon, recovering some of the early-session losses after the global stock rout amid growing worries over the virus outbreak's economic fallout.
Sentiment has improved slightly after the Bank of Japan rolled out an unscheduled 200 billion yen (S$2.67 billion) bond-buying plan along with a liquidity injection.
The Straits Times Index (STI), which fell more than 6 per cent in the early minutes of Friday's session, was down 66.64 points or 2.5 per cent to 2,612.00 as at 1.04pm. The STI's 5 per cent drop at the commencement of Friday trading was its largest decline at the open since October 2008.
Shortly after the afternoon session began, volume traded on the Singapore bourse clocked in at 1.38 billion securities with a total turnover of S$1.55 billion. Both volume and turnover have already exceeded their respective 2019 intraday averages.
CW8888: Walau!
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STI : 2,510.88 - 2,676.84 on 13 Mar 2020
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Uncle, sucker rally is it?
ReplyDeleteLook like some got news from US before noon
DeleteOnly thing I bought last night during US hours was gold ... took advantage of the current price drop. Just another couple % of my warchest.
ReplyDeleteGold now about 15% of my total portfolio, built up since June 2018. I'll likely not add anymore of this "Barbarous Relic" that pays no income. Just treat this 15% as portfolio insurance going forward.
Solid asset allocation strategy
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