SGX Singapore Stocks & Forex Live Picks

STI Singapore Weekly Summary 03-07 June 2013

Your Advisor
Publish date: Fri, 07 Jun 2013, 08:42 PM
Your Advisor
0 10,453
Blog for SGX Singapore Stock & Forex Recommendations gives you Live Stock Picks, we provide all SGX Stock Picks, Singapore Share Prices, Forex Trading Recommendation along with STI Quotes. Get Live SGX Singapore Picks.
Weekly wrap of STI: 
Singapore shares fell for a 3rd consecutive week and were poised for their biggest weekly decline in nearly 2 years, as banking shares came under pressure over concerns the U.S. Federal Reserve may reduce its monetary stimulus programme. The Straits Times Index fell as much as 3.82 % to 3,178.82, it's lowest since mid-January.

STI opens with gap down below 3300 mark @ 3287.10 and then just made week  high @3304.06 and then it never see this level in whole week and continuously fell down and finally made 3178.82 low , and after making this low STI closed @ 3184.72 with loss of 126.65 down by 3.82% wow basis.

Macro Economic Factors:
The key challenge for Singapore banks is managing margin pressure given the intense competition on loan pricing driven by foreign players and deposit pricing as system liquidity tightens.
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment