Short-term profit-taking likely on pre-emptive Phase Two measures: analysts
ANALYSTS are foreseeing a trend of profit-taking on the Singapore bourse as the Republic reinstates pre-emptive safety measures from May 8 to 30.
This comes amid a rise in Covid-19 community cases, including a cluster at Tan Tock Seng Hospital detected the past week.
The sell-off has already started, with Singapore shares swimming in a sea of red during the early morning trading session on Wednesday. As at the midday trading break, all index counters except Jardine Matheson Holdings were down.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Prosper Cap halts operations at UK hotel after fire breaks out
DBS chief expects 2024 earnings to hit new highs as Q1 profit rises 15% to S$2.95 billion
Banking giants race to Riyadh as MBS steps up pressure campaign
BlackRock, Citadel reap billion-dollar deals from Australia fund
Credit Suisse faces 50 billion won South Korea short-sale fine
Nvidia supplier SK Hynix says HBM chips almost sold out for 2025