STI posts 1.7% weekly gain in two-tier market
ANYONE who harboured doubt that this is a two-tier market need only study this week's trading for proof.
Action in the top end of the stock size spectrum was heavily concentrated on the banks, Jardine group and to a slightly lesser extent, SingTel, while action in the smaller stocks end was focused on many familiar names like Mirach Energy, Singapore eDevelopment and Oceanus.
There was also a short-selling report on China food company Sino Grandness (SG) to get the pulses and…
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
Capital Markets & Currencies
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
Hong Kong spot crypto ETFs to start trading next week
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%