Strait Times Index sitting on the fence

Straits Times Index ended first quarter of the year with a bullish closing. Market participants decided to pick themselves up after the fall that was triggered by concerns of Trump’s lacking of power to implement the policies that he had promised. In the early week, STI managed to rebound from the low of 3112 level and head towards its resistance at around 3170 level. By the mid of the week, it managed to breach the level and sustain above this resistance level. Closing at 3175.11 level, STI gained a total of 32.21 points for the week. And as for the whole month of March, a total of 78.5pts was gained. These gains are mainly contributed by the positive sentiment of US president Trump’s fight for economic policies that he had promised.

Many are still wondering whether to chase the market …