Daily Market Opinion for 24-Oct-2012

STI was a headless market yesterday due to the absences of HSI market. STI opened with a slight gap down yesterday but it managed to climb higher throughout the day. Trading volume was dull but more contributions were made by the penny counters. Buying strength was seen after lunch hours to push STI more into the positive region to as high as 3058 level before seller flock into the market. Weak opening by the European market also encouraged sellers to push the prices lower. Eventually, STI managed to close higher with 5.26pts at 3050 level. Last night, DJI took a dive and close at 243.36pts lower after further poor earnings being reported. Will STI also take a dive today? Can HSI save STI again today?

STI showed another day of refusal to drop lower despite HSI not leading the sentiment for the ...