
SIAS
2021-02-08 10:04:33
A flat week for the STI, penny stocks in play
The STI gained 5 points or 0.17% at 2,907.11 over the week;
Wall Street’s new highs due to weak economic data which raised stimulus hopes;
Penny stocks in play, possibly as traders look for next GameStop;
US regulators meet to decide whether action is needed;
MAS-SGX warn investors against trading on Internet recommendations;
Yoma’s shares plunged after Myanmar coup;
SIA reported Q3 net loss of S$142m;
iFast rose to record highs, company reported 127.5% Q4 profit jump
Flat week for STI as penny stocks swing into focus
The loss of upward momentum that the market experienced in the second half of January continued into the first week of February, with the Straits Times Index trading within a narrow range and only managing a 5-points or 0.17% gain over the week at 2,907.11. This was d