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Daily Market Opinion for 06-Aug-2013
By Jay Chia - Your Financial Mentor  •  August 6, 2013
Daily Market Opinion for 06-Aug-2013

Daily Market Opinion for 06-Aug-2013

STI flushed out its last week’s gain yesterday as it was affected by US’s weak job data. The day started with a gap down action as market participants scrambled out of the market. Another possible reason for the gap down action was due to ex-dividend of various index components. Selling pressure was see during the morning session which pushed STI to as low as 3229 before it started to rebound. Trading activity was low during the day as many traders were out from the market due to the short week. This caused STI to hover in a short range of 3229 – 3243 levels during the day. Eventually, STI managed to close with 12.34pts down at 3241 level. Last night, DJI traded weakly with 46.23pts down. Will STI be able to sustain at its current level and attempt to trade higher?

STI did ...

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By Jay Chia - Your Financial Mentor
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