Since beginning of May, the Straits Times Index (STI) could not break through the 3,000 points ceiling. The inconclusive Greek parliamentary election (6 May 2012) and the threat of Greece leaving the Euro caused jitters in the financial markets.
Between 11 May and 25 May, the STI dropped 4% (from 2,887 to 2,772).
There are some stocks (which I am tracking) are rather resilient and did not lose as much. Some even rose in share prices. They are:
|11 May||25 May||Change (%)|
|SembCorp Ind||$4.66||$4.85||+ 4.07|
|Keppel Corp||$10.23||$10.03||– 0.17|
SembCorp Industries and Keppel Corporation still have their growth stories for the rest of year because of their fat order books. SIA had been sold down since poor full-year results were released and that the downside price correction seems to have abated. ComfortDelgro and Singapore Press Holdings held on well since the performances based on last quarter release of results were good. Singapore Telecom’s share prices have been relatively stable without the volatility usually associated with economic slowdown.
Copyright © 2012, limkimtong for Living Investment
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