Affected by factors such as investor sentiment involved in the news about the Omicron variant strain, the sea index fell slightly on the 27th. On the same day, trading in Singapore stock market was quiet, and the trading volume and trading volume did not reach the usual level of 1 billion shares and S $1 billion respectively.
On the same day, the Straits Times index opened low and opened at 3107.63 points. It fluctuated narrowly around 3110 points throughout the day. It fell significantly before the close and finally closed at the low point of the day, down 0.13%, while the sea index rose 0.37% the previous trading day. The highest reported at 3113.55 points, the lowest at 3104.24 points, and finally closed at 3104.24 points.
Among the FTSE series indexes, FTSE SGX Asia Shariah 100 fell 0.37%; The FTSE straits times overall index fell 0.04%, and the FTSE Kelly board index rose 1.06%; The FTSE Straits Times China Index fell 0.06%; The FTSE Straits Times consumer goods and services index rose 0.352%; FTSE Straits Times micro stock index rose 0.37%; The large and medium-sized stocks of FTSE straits times fell 0.08%, and the FTSE Straits Times medium-sized stock index rose 0.3%; The FTSE Straits Times small cap index rose 0.51%.
Data show that on Monday, the trading volume of Singapore stock market was about 864 million shares, with a turnover of about S $394 million (about 1.85 billion yuan). 190 stocks rose and 139 stocks fell.
Local media quoted Huang Guorong, investment strategist of Huili futures, as saying that the epidemic caused by Omicron variant strain and its impact on Singapore will be the focus of the market next. He said that the new epidemic situation around the world continues to interrupt the tourism plans of many Singaporeans. Many tourist attractions in Singapore, such as theme parks and hotels, continue to be shrouded in an uncertain environment. Huang Guorong said that investors should be cautious this week. If the Singapore government implements a new round of restrictions, it may lead to the decline of the sea index. From the technical analysis, the 50 day moving average of the sea index crosses the 100 day moving average, which is generally one of the signals of the bear market. The sea index may fall to between 3041 and 3100 in the future.
CMC market analyst Wang suiqin believes that the sentiment of Singapore investors will be affected by the US stock market this week. He predicted that due to the lack of economic fundamentals to drive the market, the sea index will look for direction from the trend of the US stock market this week. If the S & P 500 index breaks through 4744 points, the sea index may retry the key resistance level of 3270 to 3285 points. If you can't break through, the sea finger may swing below 3167.
The Industrial Bank Co.Ltd(601166) research team released a report that the sea index corrected sharply after the transmission of the Omicron variant virus began. The team is optimistic about the outlook of the sea index, but believes that the pace of rise may be slow because it is not clear that economic activities will return to normal, and investors are still paying attention to the impact of Omicron on Singapore and global economic growth.
(Xinhua Finance)
