Serious STI sold-down in final 90min on the last trading day of May

[Runifyouhaveto]

STI collapsed in last 90min of trading to close at 2791
Down 43 points from intraday high of 2834.

Something's happening tonight or
Month-end price manipulation?

 

[uvwxyz]

STI collapsed in last 90min of trading to close at 2791
Down 43 points from intraday high of 2834.

Something's happening tonight or
Month-end price manipulation?

Honk Kong and Tokyo came down too but still closed in positive territory so its hard to say.

 

[krafty]

STI collapsed in last 90min of trading to close at 2791
Down 43 points from intraday high of 2834.

Something's happening tonight or
Month-end price manipulation?

ah run, dun guess already, it was me who just sneeze couple of hours ago. that's why mkt dipped in a short while.



seriously, i also not too sure...i saw everything as usual globally, oil rise, gold down,euro market treading on water. asia market on a +ve note.

for currency mkt, de pound dipped at the same time when STI slipped. other than that, not much on the USD and EUR index.

feeling puzzled, ah run, activate your scout to fall in. i will be camping over here.

 

[po2wq]

STI collapsed in last 90min of trading to close at 2791
Down 43 points from intraday high of 2834.

Something's happening tonight or
Month-end price manipulation?

dey decided dey haf 2 run ...

did u run? ...

 

[Runifyouhaveto]

dey decided dey haf 2 run ...

did u run? ...

lost too much liao, cannot run.

 

[Runifyouhaveto]

ah run, dun guess already, it was me who just sneeze couple of hours ago. that's why mkt dipped in a short while.

no wonder. Today's trading volume might be the highest this year.

Singapore shares close weaker as early window-dressing momentum fades
http://www.businesstimes.com.sg/sto...eaker-as-early-window-dressing-momentum-fades

 

[Runifyouhaveto]

Honk Kong and Tokyo came down too but still closed in positive territory so its hard to say.

Japan and China closed near intraday highs. Japan because of GST deference.

 

[JohnTan]

What's so surprising? Haven't you heard of "sell in May and go away" ?

 

[uvwxyz]

Japan and China closed near intraday highs. Japan because of GST deference.

So its unlikely that tonight got any events that can explain the last hour selling in Singapore, otherwise Hong Kong and Tokyo sure to smell it too.

 

[uvwxyz]

What's so surprising? Haven't you heard of "sell in May and go away" ?

May got sold down already so its time to buy.

 

[po2wq]

What's so surprising? Haven't you heard of "sell in May and go away" ?

never herd of sel on last day of may n go away ...

 

[krafty]

look no further, brexit poll is the cause, now there are more UKers voting for Brexit, consolidation report from the bookmakers. that explain the sudden dip in pound and last hour of mayhem in STI and Euro markets.

http://www.zerohedge.com/news/2016-05-31/stocks-cable-plunge-brexit-poll-surprise

 

[JohnTan]

May got sold down already so its time to buy.

Can buy Sembcorp Marine or Industries? Big GLC got whacked real bad thanks to low oil prices and the bankruptcy case of their main client in Zika Brazil.

 

[uvwxyz]

Can buy Sembcorp Marine or Industries? Big GLC got whacked real bad thanks to low oil prices and the bankruptcy case of their main client in Zika Brazil.

I think can slowly accumulate Sembcorp. I prefer City Dev though. SembCorp can wait till oil prices recover as the share price would usually lag the recovery of oil price.