Since Thursday last week, the daily stock trading volume was moving higher.
|Number of shares||Value of shares|
|Thursday 2 Feb||2.99 b shares||$1.87 b|
|Friday 3 Feb||3.43 b shares||$1.66 b|
|Monday 6 Feb||3.32 b shares||$1.96 b|
Today’s trading volume rose to a high $1.96 billion. When compared with the average daily volume for the quarter ended 31 December 2011, it was significantly higher than $1.1 billion of that quarter. This may indicate that interest in the Singapore stock market may have turned the corner.
The Straits Times Index (STI) reached 2,940 points today, which was 11.1 per cent higher since the start of this year.
The Singapore Exchange (SGX) got a fillip as a result of better trading volume of securities traded on the exchange. SGX rose 6 cents to $6.70 last Friday. Today it jumped 22 cents to end at $6.92.
Question in my mind is: will it last? The Greece debt problem has not been settled. The stock market can quickly spiraled downward just as fast. On the other hand if Greece crisis is satisfactorily handled, then risk appetite can return in a bigger way.
Copyright © 2012, limkimtong for Living Investment
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