STI dropped 107 points for the week of 7-11 May. It sank another 104 points or 3.5% to 2,779 last week. All in, it had slumped 211 points for the past fortnight. Since 3 May, HSI and STI had tumbled 2,298 points (12.1%) and 222 points (8.0%) respectively. If we compare the intraday high of 3 May vs the intraday low of 18 May, the decline for HSI and STI would have been a steeper 2,635 points (14.1%) and 251 points (9.1%) respectively.
Despite the market drop, some interesting stocks to take note based on my personal observation and technical analysis are as follows:
1. China Animal Healthcare Ltd (“CAL”)
Notwithstanding the 7.4% drop in STI since 3 May, CAL has notched an impressive gain of 9.3% over the same period (See Table 1). On last Friday, when STI gapped down ...
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