The Straits Times Index (STI) at the end of last year was 3167.08 points. Yesterday, it was 3173.33. As of now, STI fell below the floor, now at 3126.42, a 1.46% decline today (20 August 5.07 pm).
No gain in STI at all for this year. It is now in negative territory.
Trading volume is 3.08 billion shares at $1.65 billion in value. Only 88 gainers with whopping 397 losers.
Almost all counters I am monitoring are in a sea of red. One reason for today’s trading pattern could be fear of Fed tapering its bond purchase program sooner than later.
Copyright © 2013, limkimtong for Living Investment
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