Monday, September 03, 2007

STI stayed neutral

What a lazy day at the market today...

STI is nearly flat, it dropped 7 pts down (0.20% drop) to close at 3386, with a very low volume of 1.6 billion. Must be a lot of people selling off their holdings because of last Fri big rally. Tonight Dow is closed because of holiday, so no leaders to lead us tmr. Europe is currently green (slightly only), so let's see if tmr we follow Europe or we follow HK/China.

Construction as strong as ever. With rumors of contract announcement flying around these few weeks, it's hard to short down on these stocks. Overall, market is just damn quiet. Can even hear a pin drop.

Nothing much to comment too. Have a great trading week!