Asia bourses weighted heavily on the forthcoming reports on Greece debt restructuring program which has caused jittery among investors. S&P downgrading of portugal has led Dow Jones to a loss of 100 points in the early hours of trading admist the reports on positive earnings and consumer confidence.
STI index is still flirting on the 3,000 benchmark despite positive reports on earnings and dividends. Bluechips took the lead meanwhile Mid and small cap stocks are showing signs of exhaustion. Market is digesting these news and have caused widespread selldown and shorting on trending counters ever since conquered their all new-year high benchmarks and are slowly retracing.. where opportunities lurked in most counters trading at their support.
Remember, If someone shouted 'fire', what would be your first reaction?
Updates on counters will be coming soon.
Disclaimer applies..
Cheers
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