Market Update 04/12 – 08/12
The market is giving vibes that its a stuttering end to the year with sudden drops in certain sectors i.e. construction.
The market is giving vibes that its a stuttering end to the year with sudden drops in certain sectors i.e. construction.
Peter
there have been sudden or considerable drops with some fundamentally quite good stocks in quite a variety of sectors in the last days:
construction (STEC, UNIQ)
energy (BPP, SCGP)
shipping (AMA)
and today also 9 % off BEAUTY…
i wonder – only profit taking? i haven’t seen any particularly bad news recently for the stocks involved (except of some delays with government construction projects). for some of them there had been eve positive news recently…
Pon
Given that the names you’ve mentioned are relatively large. It’s most likely due to institutional selling. It is the end of the year.
Peter
sorry, regarding the energy i meant ‘SPCG’…:)
Pon
Got it 😉