Daily Market Opinion for 26-Feb-2015

STI managed to stage a rebound yesterday but it seems to be struggling to trade higher. It first opened slightly higher and started to rebound during the early trading session. It reached 3455 level and failed to go beyond that. Selling pressure started to set in and pushed STI back to its opening level. After lunch hours, STI was seen struggling to maintain its opening level and started to trade back to its previous day’s closing. A low of 3437 level was clocked during its attempt. There was no rebound before the closing hour and hence, STI was seen closing at 3440.83 level. Only 3.22pts was gained after a volatile day. Last night, DJI closed flat with 15.38pts up. Will STI be able to maintain its gains today? Or will it face selling pressure again?

                                                                                                      

STI’s rebound attempt yesterday shows …