Business Times report on last week

Throughout the week, two themes stood out - China stocks and the oil/gas sector. Those who have followed the local market closely over the past few weeks would have recognised the names - for China stocks, popular plays were China Sun, Sky Petroleum, Celestial Nutrifood, Bio-Treat and Shanghai Turbo, while for oil and gas the field was perhaps a little narrower, with the likes of Federal International, KS Energy, Tat Hong and Ezra Holdings in play.

Most blue chips saw an unremarkable week. Banks were not in focus, while Singapore Telecom's performance was mixed. As for property, news that City Developments had withdrawn from the bidding for an integrated resort licence brought some pressure to bear on the stock, but simultaneously helped propel upwards the remaining local bidders, CapitaLand and Keppel Land.