Daily Market Opinion for 15-Jul-2014

It was a weak start for STI this week. Regional markets had a great opening but STI was seen trading in red. Many put the blame on World Cup finals as market participant might be recovering from the early morning match. STI opened with a slight gap down and it reached as low as 3286 level in the early morning match. Positive opening in Hang Seng helped to lift STI back up as lunch hour approaches. A high of 3296 level was being tested but it did not manage to sustain. Selling pressure sets in again and STI starts to lose its bullish momentum. At the end of the day, STI closed at 3290.98 level and lost 2.75pts. Last night, DJI closed with 111.61pts up. Will STI be able to maintain its bullish underlying today? Or will it attempt to reach for ...