Market to 'consolidate' - until Brexit worries start

THE fact that volume can more than double from a year-low S$664 million last Tuesday to S$1.4 billion just 24 hours later, and then drop back to a below-par S$840 million on Thursday suggests that: (a) there are plenty of short-term traders waiting to pounce at the first opportunity; (b) short-selling activity is still alive and well; and (c) the smart money buys the dips and sells into strength.

As for which stocks offer the best trading opportunities, with 65-70 per cent of daily volume for the whole market coming from trading of the 30 STI components, it's a no-brainer: stick to…