SGX has announced higher volumes in the last quarter.
Looking at the six month chart, one can observe the increase in volume during the period of Jan 2020 and March 2020
Looking at YTD. The volumes in the current quarter seems to be sliding down in April 2020. The main concern if Covid 19 is creating a bear rally in April 2020. The concern is artificially inflated with declining volumes.
Another interesting observation is the funds outflow from institutional investors.
Looking at the table. there is an increasing reduction in buying of fresh stocks in the open market. The reverse is a concern where there is a lot selling from the institutions.
At the same time, retail investors are picking up the stocks from the institutions. It looks a like a worrying sign.
In previous blog, I note that Venture was a Buying. It seems that last week, venture has fallen from the radar of the BIG BOYS. It appears that AEM is in the radar instead.
Interestingly, banks are continuingly to be sold off. The current STI index appears to show that banks are supporting it. The BIG question is that will the bank value drops are EX-dividend in the next fortnight with their results to be announced.
The real question is when will the decline of these banking stocks start. Today, the banks have gained some value.
My take is that it will gain this week with DBS as the anticipated bank to release the earnings on 30th APR (Thursday).
Looking at the past announcements, DBS tends to rise slightly after each announcement.
Looking at 13th Feb prior announcement, the institution in the past fortnight were buying up the banking stocks. Now this quarter, it is the reverse. I think they are adopting a curious approach.
Please see my blog for disclaimer...
Looking at the six month chart, one can observe the increase in volume during the period of Jan 2020 and March 2020
Looking at YTD. The volumes in the current quarter seems to be sliding down in April 2020. The main concern if Covid 19 is creating a bear rally in April 2020. The concern is artificially inflated with declining volumes.
Another interesting observation is the funds outflow from institutional investors.
Looking at the table. there is an increasing reduction in buying of fresh stocks in the open market. The reverse is a concern where there is a lot selling from the institutions.
At the same time, retail investors are picking up the stocks from the institutions. It looks a like a worrying sign.
In previous blog, I note that Venture was a Buying. It seems that last week, venture has fallen from the radar of the BIG BOYS. It appears that AEM is in the radar instead.
Interestingly, banks are continuingly to be sold off. The current STI index appears to show that banks are supporting it. The BIG question is that will the bank value drops are EX-dividend in the next fortnight with their results to be announced.
The real question is when will the decline of these banking stocks start. Today, the banks have gained some value.
My take is that it will gain this week with DBS as the anticipated bank to release the earnings on 30th APR (Thursday).
Looking at the past announcements, DBS tends to rise slightly after each announcement.
Looking at 13th Feb prior announcement, the institution in the past fortnight were buying up the banking stocks. Now this quarter, it is the reverse. I think they are adopting a curious approach.
Please see my blog for disclaimer...
Comments
Post a Comment