Invest
Straits Times Index likely to enjoy positive mood from CNY celebrations
By Jay Chia - Your Financial Mentor  •  February 13, 2013
Straits Times Index likely to enjoy positive mood from CNY celebrations

Straits Times Index likely to enjoy positive mood from CNY celebrations

Straits Times Index started last week with a new high for the year but it fizzled out quickly within the day. STI went as high as 3319 level on Monday but profit takers were quick to come into the market. Despite the strong opening on Monday, STI was unable to sustain this bullishness for the next few trading sessions as there are lacks of catalyst to encourage buyers to enter the market. Instead, the market is more worried of the long CNY weekend this week. Hence, the market was quick to retrace and tested its immediate support of 3260 level. This support level held very well as it as being test for 3 days last week and it refuses to break. For the whole week, STI was seen retracing with 20.84pts down for the week and ended at ...

...
Read the full article
By Jay Chia - Your Financial Mentor
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance