On Thursday, our local benchmark index, FTSE STI (STI) opened lower due to weak leads from Wall Street. But STI managed to pare down the loss, to close near its day high of 3273.95. It closed at 3272.49. Out of 30 STI component stocks, 17 counters are in positive, 5 flat and the remaining 9 are in negative.

Yesterday, we discussed about Global Logistic Properties (GLP). GLP continued to trend higher, up by another 1.06%…closer to the potential reversal zone which I am looking out for.

(Looking at the price chart) Besides GLP, Comfort Delgro, Hutuchison Port, Singapore Press Holdings, UOB and Singtel seem to be performing relatively better.

For Singtel, since its pullback in the week ending 21 March 2014 (close at 3.52), it broke above the resistance downward sloping line and has been trending upwards to yesterday’s closing of 3….