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Daily Market Opinion for 15-Aug-2013
By Jay Chia - Your Financial Mentor  •  August 15, 2013
Daily Market Opinion for 15-Aug-2013

Daily Market Opinion for 15-Aug-2013

It was another quiet day for STI as lots of cautiousness continues to loom the market. There was no guidance from HSI yesterday as the Hong Kong market was closed for storm warning for the whole day. STI opened with a slight gap up movement yesterday in reaction to DJI’s closing on the previous night. The gains were unable to sustain during the early trading session which made STI entering into the negative territory. However, the buyer’s support still remain strong and it rebound after reaching a low of  3231 level which brought STI back into the positive territory. Eventually, STI managed to close slightly positively with only 4.54pts higher, ending at 3248 level. Last night, DJI failed to head higher and instead, it ended with 113.35pts down.  Will STI be able to maintain its bullishness or start to retrace again in ...

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By Jay Chia - Your Financial Mentor
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