Market Review and Trends
Daily Market Opinion for 15-Jan-2014
By Jay Chia - Your Financial Mentor  •  January 15, 2014
Daily Market Opinion for 15-Jan-2014

Daily Market Opinion for 15-Jan-2014

It was another bearish day for STI yesterday as confidence level continues to wither off. Trading activities for the index component stocks were weak as market started to shift their focus on penny stocks again. The day’s opening reacted to the bearish closing of previous night’s DJI closing which caused STI to open with a gap down action. Selling pressure was felt during the morning trading session as STI fell to a low of 3115 level; breaking its recent low of 3119 level. Bargain hunters started to enter the market after lunch hours which helped STI recovering its lost grounds, bring STI back above 3119 level again. Eventually, STI managed to stay above 3120 level and close at 3123.75 level but 11.74pts were lost. Last night, DJI managed to recover 115.92pts. Will STI be able to stage a rebound today?

The gap ...

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By Jay Chia - Your Financial Mentor
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