Today's month-end/quarter-end/half-year window-dressing saw very heavy volume traded which was not seen for many months. There were a total of 1,496,551,055 shares traded with a value of S$1,769,633,508.
If you have read my article last month on window dressing, I did mentioned that you can try selling your blue chip shares during marketing matching just before market opens and buy back later during the day.
This was very obvious today. From the stocks shown above, most shares opened the day's high and closed lower. This maybe the work of fund managers.
You may want to see if this happens again on 29 July. I do not expect to see such heavy volume for the next window dressing.
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