We have 10 more trading days till the end of 2014. What will be the Straits Times Index (STI) on the last trading day of the year?
The STI was 3,167.43 points as at 31 December 2013. Will the STI be better or worse off compared to last year? As of today, the STI declined 0.90% to end at 3,294.14. It is still 4.0% higher than at the start of 2014.
Looking at the 30 component stocks making up the STI, the table below shows 11 stocks extracted for special mention. The market capitalisation was compared between end of October and end of November. (Source: The Straits Times, 15 December 2014).
|Market capitalisation at 28 November 2014|
|Counter||% change from Oct 31|
The banking stocks and SIA had positive impact on the STI.
What were dragging down the STI were Keppel Corp, Sembcorp Industries, Sembcorp Marine, ST Engineering, SIA Engineering, Thai Beverage and Golden Agri-Res (to name a few).
When oil prices were declining rapidly, Keppel Corp, Sembcorp Industries and Sembcorp Marine took a big hit on their share prices. SIA on the hand was the beneficiary of this.
Can 10 more days make a significant impact on the stock prices? Anything can happen. The current uncertainty of oil prices would move the stock market for this year.
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