Market Review and Trends
Daily Market Opinion for 24-Apr-2014
By Jay Chia - Your Financial Mentor  •  April 24, 2014
Daily Market Opinion for 24-Apr-2014

Daily Market Opinion for 24-Apr-2014

STI failed to maintain its bullishness yesterday as it returned the majority of its gains. Market participants were concern about China’s economic situation and were afraid of its impact on Singapore’s economy. The day opened with a gap down action and it accompanied with some buying action. The buying strength was only able to help STI to recover to as high as 3274 level before it started to tumble lower. More selling pressure was seen throughout the day as the gains on the previous day were wiped out. A low of 3250 level was being tested before STI decided to stay above 3255 level. STI closed at 3258.01 level and achieved a drop of 19.52pts yesterday. Last night, DJI was seen trading flat with 12.72pts down. Will STI be able to sustain its support level today? Will there still be upside chances?

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By Jay Chia - Your Financial Mentor
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