SHARES closed 0.57 per cent lower yesterday with few fresh leads to spur investor interest, dealers said.
The blue-chip Straits Times Index fell 15.13 points to 2,657.44.
The market has priced in strong economic recovery and any release of data that disappoint is going to punctuate the uptrend line with blips, analysts from a local brokerage said in a report.
Telecom operator StarHub was 14 cents lower at S$2.03 after losing the rights to host the highly popular English Premier League (EPL) football matches in Singapore to rival Singapore Telecommunications.
"We think the stock will struggle to perform over the coming quarters given the high level of uncertainty over subscriber stability across business lines in the coming one to two years from the EPL loss and the national broadband network launch in the second quarter of 2010," Goldman Sachs said in a note.
Singapore Telecommunications rose 3 cents to S$3.28 while Singapore Airlines fell 24 cents to S$13.54.
DBS Group Holdings sank 26 cents to S$13.02 while United Overseas Bank was off 22 cents to S$16.56. - AFP
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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