Daily Market Opinion for 31-Jan-2013

STI reversed the bearish sentiment yesterday as talks by the US central on their commitment on asset buying policy. That lifted the sentiment of the market as it can be a turning move to sustain the current bullish market. STI opened with slight gap up in reaction to the positive closing of DJI on the previous night. Buyers were seen slowly snapping up the shares which pushed STI higher gradually. Little sellers were seen depressing the market as they might be hoping to sell at a higher price. Hence, STI was able to continue to trade higher throughout the day to break the recent high of 3281 level and close at the highest level for the year. STI ended at 3285 level with 26.15pts higher. Last night, DJI close with 44pts down, returning some of its gains from the previous day. Can STI maintain ...