Wednesday, August 31, 2011

31 Aug 2011 - last day of Aug

STI up > +3%, possible reasons:

1. yesterday was a holiday, when HSE actually was up 1.7% - so STI playing a catch-up. Within the same months STI has shown similiar pattern of playing a catch-up, the other instance was during 10 Aug (9 Aug was a public holiday), where STI went down while other market was up.

2. Today is the last day of trading month, many players could be closing the books


Expect some profit taking tomorrow.

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