Daily Market Opinion for 28-June-2013

STI continue to surge higher yesterday as it starts to gain momentum in the rebound action for the past 2 days. STI opened with a gap up action yesterday as it reacted to the positive closing of DJI on the previous night. There was tussle between the buyers and sellers yesterday which created intense actions during the day. There were moments of buying strength during the morning session but it soon tampered off to flat trading action. However, during the afternoon session, tides started to change as sellers were entering the market to sell into strength which shows reluctance of holding on to their position. Hence, in the end, STI closed at 3118 level but it still managed to maintain a gain of 13.63pts. Last night, DJI managed to attain another day of gain, with 114.35pts higher. Can STI continue to hit higher ...