Friday, December 28, 2012

UOB

UOB: -0.6% lower at $19.76, retracing some of its 3.5% drop to $19.18, the likely driver for the STI's slip into negative territory. Amid low vol UOB's traded price suddenly made a large drop from one trade to the next, with the price moving to $19.20 from $19.52, which could suggest a fat-finger error. We're definitely seeing some strange moves in the market, says IG Markets, citing low volume and end-of-year portfolio moves.

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