The penultimate week of 2016 was not particularly memorable
as the Trump-inspired rally of the previous five weeks lost momentum and as
liquidity drained rapidly away.
On Friday, the eve of Christmas eve, the Straits Times Index
dropped 10.99 points to 2,871.05, bringing its loss for the week to 66 points
or 2.2 per cent. Turnover was a thin 1.5 billion units worth S$593.1 million.
Excluding warrants, there were 174 rises versus 216 falls.
To be honest though, this was not surprising - the
Christmas/New Year holiday period traditionally sees trading wind down to a virtual
standstill as traders close their books and depart for their vacations, and
this year was no different.
Top Stocks To be considered in SGX
MARKET in 2017:
- THAI BEVERAGE
- ST ENGINEERING
- OCBC
- VENTURE
- GENTING
- EZION HOLDINGS
- MM2 ASIA
So earning on these stocks in year 2017 could be very
profitable.
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