Affected by the continuous decline of US stocks overnight and other factors, the sea index swayed on the 21st.
On the same day, the Straits Times index opened low and opened at 3291.28. It fell to close to 3280 in the morning, but then quickly rose to close to 3300. Before the lunch break, the sea index returned to near the opening price. In the afternoon, the sea index continued to fluctuate slightly around 3290 points, and finally closed up 0.04 points, while the sea index rose 0.33% the previous trading day. The highest reported at 3298.94 points, the lowest at 3281.58 points, and finally closed at 3294.86 points.
Among the FTSE series indexes, FTSE SGX Asia Shariah 100 fell 1.16%; The FTSE straits times overall index fell 0.04%, and the FTSE Kelly board index rose 0.23%; The FTSE Straits Times China Index rose 0.33%; The FTSE Straits Times consumer goods and services index rose 0.483%; The FTSE Straits Times micro stock index rose 0.16%; The large and medium-sized stocks of FTSE straits times fell 0.03%, and the FTSE Straits Times medium-sized stock index fell 0.14%; The FTSE Straits Times small cap index fell 0.24%.
Data show that on Friday, the trading volume of Singapore stock market was about 1.03 billion shares, with a turnover of about S $1.12 billion (about 5.277 billion yuan). 224 stocks rose and 229 stocks fell.
Yang Yan, a strategist at dailyfx, said that because investors were mixed about corporate earnings and worried about the prospect of tightening policy by the Federal Reserve, US stocks fell for the third consecutive day on Thursday. Overnight, the stock market plunged in the last hour of trading, reversing previous gains, highlighting the fragility of market sentiment. The Nasdaq 100 index has fallen more than 10% from its high in December last year. Investors are watching the Fed's open market committee meeting next Wednesday to find clues about the Fed's tightening policy roadmap. The trend of Asia Pacific stock market on Friday may be affected by the continuous decline of US stock index.
Local media quoted CMC market analyst Wang suiqin as saying that on the whole, Asian stock markets have shown resilience this week, even if the main stock indexes in the United States are weak. He said that the excellent performance of Asian stock markets this year is mainly due to China's targeted growth promotion policies and the low valuation of Asian stock markets.
Mai Minmei, a corporate financing analyst at Zhuoxing, believes that the sea index is expected to rise to 3330 points. However, if the results to be announced by Singapore listed companies do not meet market expectations, the sea index may fall to the support level of 3220 points.
