8:42 PM
Admin
Weekly wrap of STI:
Singapore shares fell for a 3rd consecutive week and were poised for their biggest weekly decline in nearly 2 years, as banking shares came under pressure over concerns the U.S. Federal Reserve may reduce its monetary stimulus programme. The Straits Times Index fell as much as 3.82 % to 3,178.82, it’s lowest since mid-January.
STI opens with gap down below 3300 mark @ 3287.10 and then just made week high @3304.06 and then it never see this level in whole week and continuously fell down and finally made 3178.82 low , and after making this low STI closed @ 3184.72 with loss of 126.65 down by 3.82% wow basis.
Macro Economic Factors:
The key challenge for Singapore banks is managing margin pressure given the intense competition on loan pricing driven by foreign players and deposit pricing as system liquidity tightens.
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