STI turns negative, down 0.7% midday at 3,140.01; broad reversal with 1.8 decliners/gainer (gainers outnumbered decliners 3 to 1 earlier). While trading range slightly larger than in recent sessions, consolidation theme still holds, says Dow Jones.
Posts Tagged ‘reversal’
STI down 0.4% midday; brief trend reversal – DBSV
October 20th, 2010 |
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STI down 0.4% at 3178.46, off 3158.03 intraday low as market recovers footing after early selloff in reaction to U.S. stocks’ fall, China’s rate hike. Now only about 2 decliners for every gainer vs 6-to-1 earlier in session; 1.1 billion shares traded worth $1.22 billion.
STI flat; No signs of reversal yet: CIMB
July 28th, 2010 |
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Singapore stocks off to sluggish start with no triggers to spur active buying or selling, says Dow Jones. STI flat at 2,979.12, may hold above 2,950 but below 3,000.
“There have been no confirmation signs that a reversal is taking place (but) continue to keep (stop-loss orders) tight as its indicators continue to show negative divergences,” CIMB says of STI’s chart action. Market breadth flat.
STI up 0.5%; exit now before reversal, says DMG
April 26th, 2010 |
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Singapore stocks may end higher, but whether STI able to close above 3,000 unclear as blue chips appear unlikely to head much higher from current levels, says Dow Jones.
Reform reversal?
December 27th, 2009 |
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Debate over reform of the dominant state-owned sector is growing, but it is not being matched by action
Reform of Vietnam’s lumbering state-owned sector has slowed. The global economic and financial crisis has made conditions for “equitising”, or part-privatising, state-run companies more challenging, and some policymakers also seem to be having second thoughts about the process itself. The government is actively considering reforms, but it is likely to move cautiously, and there is still considerable resistance to challenging the state-dominated status quo.
Debate over Vietnam’s long-term economic development strategy is growing. Policymakers are preparing a Strategy for Socio-economic Development for 2011-20. One element of their discussion will be the viability (or otherwise) of the country’s current industrial strategy, and in particular Vietnam’s reliance on large state-owned enterprises (SOEs). For more than a decade, large SOEs have been at the forefront of the country’s industrial development strategy. This has reflected a belief in government circles that the fledgling private sector is insufficiently developed to take on this role, as it lacks a sufficient number of large and robust companies. …
Indo – Pak joint statement disappointing: Jaitley
July 17th, 2009 |
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Leader of the Opposition in the Rajya Sabha Arun Jaitley said the Indo – Pak joint statement issued at Sharam – el – Sheikh in Egypt was disappointing and a reversal of India’s long standing policy.
Raising the issue during Zero Hour, Jaitley said the joint statement stating “action on terrorism should not be linked to [...]