STI managed to close above 3120. Holding above this level indicates a continual bullish sentiment for the beginning of Year 2014.
In our earlier discussion dated on 11 Dec 2013 and 14 Dec 2013, I was looking for a reversal indication. On 12 Dec and 13 Dec 2013, STI exhibited signs of bullish. On 14 Dec 2013, STI exhibited hesitation (inside day bar) but subsequently it continued to show the initial bullish sentiment . After 14 Dec 2013, Initial support level @ 3050 - 3055, and 3094 - 3102 (gap up) and 3134 - 3145 (gap up).
 |
| STI Daily Chart Updated 27 Dec 2013 |
I do not have the exact points contribution by the 30 STI component stocks to STI performance. But based on the list of Top 30 IndicatorV counters, I reckon that the positive performance may be contributed by the 3 local banking counters, Singtel, Keppel Corporation, Global Logistic Properties...
 |
| Top 30 IndicatorV Updated 27 ... |
