
SIAS
2020-12-20 20:16:42
The consolidation continued last week
The STI gained 27 points or 0.9% at 2,848.98 last week;
Prices seem to be drifting after the rally in Nov and early Dec;
Support continued to come from positive vaccine news;
Pressure continued to come from negative economic developments;
Hi-P’s boss made privatization offer;
Value of privatizations this year has exceeded total in 2019;
UK’s Revolut aims to offer commission-free stock trading here;
NutryFarm’s shares were in play, drew SGX query
Prices have run up strongly already, so market now in “consolidation phase’’
An element of “buy in anticipation, sell on news’’ may be creeping into daily trading now that markets have already rallied strongly ahead of positive developments such as the conclusion of the US Presidential elections which has given rise to hopes of