Daily Market Opinion for 11-Apr-2013

STI did not attempt to head higher yesterday but instead, it attempted to retrace yesterday instead. It opened flat despite positive opening by DJI on the previous night. The early trading session showed some enthusiastic buyers entering the market to push STI to as high as 3301 level before a stronger force of sellers entered the market. STI entered the negative territory before HSI opening but when HSI open with a positive note, STI recovered back to its opening level. However, the sellers were stubborn and pushed STI back into the negative region again. This tussle repeated a few times during the day despite positive showing in other Asian markets. Stubborn sellers had made STI to hit a low of 3278 level after lunch hours. Eventually, STI managed to recover before closing and ended at 3293 level with only 3.32pts down. Last night, DJI ...