Is the STI in for another period of consolidation? After the recent Q3 financial report from some prominent companies, it is obvious that recovery from the impacts of the pandemic is protracted. On the other hand, companies are reacting accordingly to stage an adequate recovery in financials to ensure that investors continue to stay confident in their company’s long term trajectory. Most noticeably, companies are restructuring their businesses and divesting assets to boost their balance sheets for acquisitions or simply to tide past the rest of 2022 perhaps? At the moment, investors are still sitting on the fence and trading vigorously to take advantage of price movements caused by the announcements but the longer term trajectory continues to be more positive as well. However, it would be prudent to carefully allocate your capital as our economy rallies further in the coming year. STI – Updated Daily Chart Zoomed...