By The Boy Who Procrastinates - September 29, 2018
The third quarter of 2018 has been a struggle as the global market is plagued with escalating tit-for-tat trade dispute between the two economic powerhouses, United States and China. And just this week, the US Federal Reserve has raised the interest rates by 25 basis points, bringing it to 2.25%.
In the local context, Dairy Farm International has replaced Starhub as STI constituent with effect from 24 Sept. The STI Index has tested its new low in the third quarter of the year. Since its closing at 3277.43 in the beginning of July, the index has been bounded within a range of 3176 to 3347 before proceeding on a declining trend to 52-week low at 3102.73 in the mid of Sept. Subsequently, it has inched upwards to end the month at 3257.05. Overall, the STI has recorded a drop of 0.62% ......