Market Review and Trends
STI Down 300 Points, 2013 Gains All Wiped Off
By StockBrokerPlaysPoker  •  June 13, 2013
News: SINGAPORE — After a tumultuous few weeks, all of its gains for the year were finally wiped off the benchmark Straits Times Index (STI) yesterday, but analysts said there might be a glimmer of light at the end of the tunnel. The STI closed 0.53 per cent lower at 3,153.48 points yesterday amid weak global sentiment as investors digested their disappointment over the Bank of Japan’s (BOJ) decision to stand pat and uncertainty over the United States Federal Reserve’s intentions for its bond-buying programme. The benchmark has lost 0.43 per cent this year from 2012’s close of 3,167.08. “There was an overnight sell down … It was quite a surprise that the BOJ did not do anything. All global markets opened lower this morning,” said Mr Desmond Chua, market analyst at CMC Markets. Twenty-three of the 30 component stocks on the STI closed in the ......
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By StockBrokerPlaysPoker
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