Daily Market Opinion for 19-Sep-2014

STI was seen struggling to head higher yesterday as the market prevent to stay cautious on the decision of the Fed meeting. The day opened with a gap up as they cheered on the decision to keep the interest rate low. This allows STI to hit a high of 3306 level during the early trading session but many market participants doubt the decision and decided to play safe. Sellers were seen exiting the market when they recognise that the China and HK market were not doing well. The day’s gains were erased and caused STI to hit as low as 3294 level. Positive European market opening had helped to lift the sentiment in the market before closing. Therefore, STI closed its day with only 0.81pts up, ending at 3297.29 level. Last night, DJI performed bullishly again with 109.14pts up. Will STI be ...