The reduction in corporate tax announcement caused the STI component stocks and other blue chips to rise in share price the very next day. Naturally that pushed the STI up.
That is only the market sentiments & herd mentality as govt have not mentioned when they will implement this. So the day after, profit-taking occured and STI fell again...
As usual, govt papers only report the good side and not the bad.  To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.: Asia Solution Kenetics
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