The decline continue globally. Correction naturally take place. STI fell 1.24% to 3438.68. After such a correction, a recovery will naturally follow suit.
Looking ahead, penny in play. Among those in play, GKE Int, Eagles and Ban Joo should resume uptrend movement as interest accumulated and the increase was not abrupt and unrealistic. Yangzijiang should recover slightly on Monday and resume uptrend as it is discerned that this stock has attracted huge interest partly due to its shipping sector business and seemingly unlimited possibility. China Energy is a tricky one; good news pouring in, move to new heights. But it should correct substantially soon as fuel price seems to have stablised.
Within my long term position, Comfortdelgro remained at $2.180 whilst Sembcrop shed slightly to $5.350. Positive and maintained hold.
ARC Market Pulse Portfolio:-
In fund's perspective, I am very positive on Korea and Thai equity funds.
Gold price is rather weak at the moment based on the 1 year chart. Resources equity funds or even counters can be considered in the near term.
Any opinion herein is made on a general basis and is not an inducement to trade.