Market Review and Trends
Daily Market Opinion for 19-Sep-2013
By Jay Chia - Your Financial Mentor  •  September 19, 2013
Daily Market Opinion for 19-Sep-2013

Daily Market Opinion for 19-Sep-2013

It was another day of gain for STI as the market starts to anticipate for the decisions during the FOMC meeting. With positive anticipation, STI is able to open with a gap up movement despite an indecisive market closing by DJI on the previous night. However, there was no fanfare during the day as the market continues to be in cautious mode during the day. The trading range during the day was between the high of 3204 level and the low of 3189 level. Trading volume was also seen to be subtle during the day as traders continue to stay cautious. At the end of the day, STI still manage to achieve a gain of 12.93pts up and ended at 3193 level. Last night, the important FOMC meeting concluded with a decision of not to taper the bond buying mandate; this lead to cheers ...

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By Jay Chia - Your Financial Mentor
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