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Friday, January 18, 2013

Weekly Summary and Macroeconomic Factors for Last Week (14-18 Jan)

Weekly wrap of STI: 
It was choppy week for Singapore equities as they try to hit the higher side but cant able to do and made it’s almost 2 week low.

STI opens with gap down below the 3200 mark @ 3193.88 level on very 1st trading day of the week as per the some news and then it made a week high @ 3221.16 level but suddenly fell down and made a week low @ 3160.83 below the 3200 mark, but finally it closed above the 3200 mark @ 3211.22 with loss of 5.28 points down by 0.164% wow basis.

Snapshot of Macroeconomic factors for last Week:

Singapore marine fuel sales rose to a five-month high of 3.63 million tonnes in December, 10.7 percent higher than the previous month, official data showed on Monday.

Retail sales in Singapore dropped 1.1% on-year in November 2012 as a result of lower sales of motor vehicles, according to the Department of Statistics (DOS).

Singapore's non-oil domestic exports declined by 16.3 % on-year in December 2012. This following the 2.6 % decrease in the previous month, due to both electronic and non-electronic exports. Economists were expecting December's exports to drop 8%.Exports to all of the top 10 export markets contracted in December. The top three contributors to the export decline in December were the US, Malaysia and South Korea. On a month-on-month basis, exports rose 1.8 % in December.

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