Daily Market Opinion for 28-Mar-2013

Daily Market Opinion for 28-Mar-2013

The bullish sentiment continued in STI yesterday as cautiousness in the market participants started to ease off. The opening was flat but buyers gradually entered the market to push STI higher as confidence starts to rise. Despite negative movements from the regional markets, STI ignored the regional and continues to head higher yesterday. There was some resistance during the day but buyers were able to overcome them and maintain the bullish vibe. With further positiveness from the European market, STI was able to stay high and close at 3313 level with 24.5pts higher. Last night, DJI failed to maintain its bullishness and ended with 33.49pts lower. With the Easter holiday coming up, will market participants be unwilling to take up fresh positive over the long weekend? Or will there be window dressing effect for this first quarter of the year?

Again, a long …