STI - Today

STI today was up in the morning and lost its gain before the break at 12:30pm. After which, a desperate attempt to recover ended minus 10.70 points (2282.50). Decliners over shadowed advancers 304 to 170 along with low volume of 683 mil.
No victory can be identified from distinct sector. But among the losers were the reit, hammered by fear of interest hike.
Losers in focus were Oil related company, SembCorp Marine- was down 2.2% at S$2.61 and SPC also dipped 2cents to $4.50. Conversely, the outstanding winner was Chartered , rose to 2 cents to $1.19.
As if in answer to my previous postings Cosco downed 4cents ($2.20), Magnecomp downed 1.5cents ($0.935), ST Eng unchanged ($2.68) and UTAC up 1cent ($0.665). It really convinced us what the TAs can do!
Based on today’s performance, tomorrow  may not be a good day again! But who know?