Market Review and Trends
This could be the real thing..
By CS Jacky - 360 Wealth Management  •  January 7, 2016
Market tanked again today, following China bourses that dropped more than 7% which triggered the circuit breaker at Shanghai and Shenzhen. From a STI high point last year at about 3550 pts, till the current 2740 pts, STI has dropped by 23%. As of now, it has broken the previous low of around 2770 last Sept. Some of its component stocks fared even worse. Keppel wrote a new 52w low today, at $5.91 or 5% lower than previous 52w low of $6.2; Sembcorp broke its key support $3, currently at $2.76. So what would the majority of retail investors, the young PMETs, uncles/aunties, relatives, taxi uncle that your encounter daily, do in view of the blood bath this few days? I think they will be very frustrated assuming they are vested, and quite panicky at this moment. After all, its not fun staring at big loss in ......
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By CS Jacky - 360 Wealth Management
MAS dual-licensed stock remisier and financial adviser with Phillip Securities. Graduated with a Bachelor of Business Administration (Finance) from NUS. Bought first stock at the age of 22 and had been regularly investing in stock market since 2010. Select strong companies with good prospect trading at low valuation using a unique blend of fundamental, portfolio and technical analysis. Also invest in REITs for regular dividends.
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