Saturday, July 30, 2016

Will the STI Achieve a Perfect 10/10 Score in August 2016?

The table below shows the performances of the STI for the months of July and August in the last 10 years.


It can be seen from the table above that the STI had ended the month of August down from 2007 through 2015.   That was a good 9 years without a break.   In other words, the STI had ended lower in August every year for 9 straight years since 2007.

It had ended down in August irrespective of how it had performed in July.   It might be up a massive 326.06 points, flat with a change of a mere 0.54 point or down by as much as -114.83 points in July, only to invariably end up down at the end of August.

If the STI ended down again this August, it would be down for exactly 10 times in 10 years.   That's a perfect 10/10 score!
The last time the STI had ended higher in August was way back in 2006.   At that time, it was on its way of a good run of 8 consecutive months right up to January 2007.   But that is another story for another day.
But now, will the STI achieve the unenviable record of ending down 10 times out of 10 this August?
Well, let's see at the end of August.

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