The STI shed 9.85 points today to finish at 3162.03. All in all, the market has lost 100 points in this week's trading. A bit more than the flat week predicted by analysts in the news.
Heavy weight SingTel fell almost 20 cents this week while SGX almost 80 cents! For the banks which declared their Q1 earnings this week, DBS lost more than 40 cents, UOB almost 80 cents and OCBC lost about only 20 cents. OCBC seems to have been spared a larger drop due to its price and also its release of strong Q1 profit margins.
As usual these few days, my outlook remains bear. I have been contemplating on whether to release my opinions weekly instead of daily, so as to add more value. Day to day fluctuations have not been fantastic recently and it seems to have become a bit less interesting.
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