STI Report @ 22/Feb

On 22/Feb, STI seems to be directionless in determine where to move due to heavy selling of property stocks kept the index in a range bound and pared its gains. Finally STI plunged swiftly around 415pm and ended flat at 2757.46 due to the sudden drop at the Europe market

Overall the VOL is LOW @ 1121.5 million and it is important to note that this is the THIRD BLACK CANDLES for the past 3 days. No one wants to push the stocks up and profit taking seems to be a logical thing to do nowadays.

I would advise investor to take this opportunity to accumulate some property stocks such as City Developments (-4.8% to S$10.30), CapitaLand (-3.6% to S$3.76) for future investment during this sell down. (Buy when VOL go back to normal)