Singapore stocks went south by 1.34% today (1 Dec 2014). The movement of Singapore’s STI today is of a magnitude that is not seen by retail investors for quite some time already. As expected, oil and energy stocks were the leaders with the “southing” of the STI, just take a look at Sembcorp Marine’s stock performance today: this blue-chip energy stock retreated some 5.8% to close at $2.95 (as I mentioned before in my blog, stocks that look attractive will become even attractive). A mid-cap energy stock, Ezion went even more south by 15.8%. The reason for the performance of these oil-related stocks? The prospect of low crude oil prices.
While I am not sure whether Singapore stocks will, in general rebound, I have shared with readers in my post that when the news headlines abound with the US stocks markets reaching high, investors should be ......