IT'S difficult not to agree with trading representatives who claim that present market conditions are the worst in at least 20 years, not when turnover on Wednesday was a paltry 1.3 billion units worth S$734 million, the Straits Times Index (STI) dropped 25.48 points to 2,828.57, and a large institution like HSBC Global Research has announced earlier in the week it has stopped covering Keppel Corp, a bastion of the local market.
The average value per unit traded on Wednesday worked out to S$0.56,...