Daily Market Opinion for 02-Apr-2013
STI started the 2nd quarter of the year with a muted sentiment after the Easter holiday. The opening was slightly higher but there was lacking of catalyst for traders to enter the market. Some buying strength was seen in the morning session which helped to push STI to test 3315 level again. However, the bullish momentum failed to sustain as there was lack of participation. Market started to turn again during lunch hours as sellers progressively entered the market. Again, there was lack of participation and STI did not drop drastically. Hence, STI hovered at its opening levels before it closes at 3307 level. STI was down slightly by 0.52pts; virtually no change. Last night, DJI also traded in a flat manner as it close with 5.62pts lower. Will this muted mood continue in STI today? Will the expected retracement to start ...
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