Shares & Derivatives
SIA stock: WHATS NEXT?
By Singapore Stocks Investing (SSI)  •  May 22, 2017
SIA reported a set of very unimpressive results amounting to financial losses on 18 May 2017 and additionally, reported a dividends cut of more than 50% of what was paid last year. The result on SIA’s stock price was not surprising the next day (19 May 2017) with SIA stock price dropping by 7.2% top close at $9.98 on a high trading volume. How high was the volume accounting for this 7.2% drop? Well, it was to the tune of 4.78 million shares, almost three times the typical trading volume on a normal stocks market day. If we could observe the trading day low on 19 May 2017, that was an intra-day low of $9.97 compared to SIA’s stock close of $9.98; hence we could see that there was no intra-day buying at all on the day after SIA announced its result: sellers were ......
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By Singapore Stocks Investing (SSI)
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