Market Review and Trends
Daily Market Opinion for 04-Oct-2013
By Jay Chia - Your Financial Mentor  •  October 4, 2013
Daily Market Opinion for 04-Oct-2013

Daily Market Opinion for 04-Oct-2013

Yesterday was another day of drop for STI despite positive China data which lifted the rest of the Asian market. Traders remain wary in Singapore as concerns of the shutdown down of US government continue to loom the market. STI open with a slight gap down yesterday and managed to gain some bullish traction in the morning trading session. However, it failed to sustain the bullish strength and started to drop back during noontime. Buying strength became weak and sellers were activity pushing the price down to a low of 3135 level. However, the market decides to come to a balancing point and closed near the opening. STI closed at 3144 level with 7.79pts down for the day. Last night, the continuation of the government shut down caused DJI to slide deeper with 136.66pts down. Will STI continue its downward movement today?

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By Jay Chia - Your Financial Mentor
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