Daily Market Opinion for 11-Sep-2013

Yesterday was the fourth straight day that STI had made gains for the day. Positive sentiment continues to thrive in STI as further positive figures were generating from China’s economic report which helped to lift the mood up in the regional market. The day opened with a gap up as the market reacted to DJI’s positive closing last night and it attempted to retrace during the early trading session. However, buying pressure started to build up during mid of the day which helped STI to rebound from its low of 3093 level and hit a high of 3125 level. This bullish momentum was sustained before market closing and ended with 35.69pts gain. Hence, STI closed at 3123 level yesterday. Last night, DJI posted another day of rally and close with 127.94pts up. Can STI continue to strive higher today? Or will buying fatigue ...