Daily Market Opinion for 25-Sep-2013

STI experienced a flat day yesterday as STI starts to consolidate after days of retracement. There were a mixed of bullish buyers and bearish sellers during the day and the trading activity for the day was mild. The day flat as lack of leads from DJI’s closing but the opening session turns out to be a bullish one. Buyers were looking for bargains during that time which pushes STI up to test its gap resistance between 3220 – 3230 levels before selling pressure starts to set in. Before lunch time, STI was back into the red zone as sellers took control of the market. However, market started to stabilize during lunch hours and hover at previous day’s closing price for the rest of the day. STI ended at 3211 level with only 2.5pts down. Last night, DJI was seen trading down with 66.79pts ...