Two-tier market still very much in evidence
THE local stock market has for some time been polarised into the very large and the very small with little in between, and this week's trading was consistent with this pattern.
Among the very large blue chips, most of the interest focused on the banks and in particular UOB, whose rise to a seven-year high on Thursday was largely instrumental in supporting the Straits Times Index that day.
UOB's 19-cent loss at $22.51 yesterday was also pivotal in the index recording a 9.9-…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
South Korea readies new system to detect illegal short-selling
Axiata, Sinar Mas move closer to US$3.5 billion telco merger
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’