Today is the IPO debut day for Hutchison Port Holdings Trust, as expected, due to the Nuclear & Quake crisis in Japan and situation unrest in Libya, HPH Trust has closed 6%, which is US$0.95 below IPO price at US$1.01. From the volume transaction & distribution, it seems like retail investors, whom hope to earn some "coffee" money from the IPO has been struggling by the huge selldown by those big institutions. Since the offering price for HPH Trust is largely overvalued & highly over-subscribed pus moderate & unattractive dividend yield, it looks like there is a room for improvement to all the retail investors for their financial knowledge.
STI has been closed below 3000 pts continuously for 4 days, but yet the 50MA has not crossed the 200MA. Overall, STI has declined 3.5% for this week and closed at 2935 pts. Let's see the Nuclear crisis & situation at Libya will be under control or ease, which may trigger the reversal trend for equity market.
Just to share my personal investment feeling throughout the journey of learning to be a market investor
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