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STI Outlook – As of 27th September 2020 (Fund flow Analysis)
By Loopholes Singapore  •  September 26, 2020
STI broke support and is currently retreating to 2436 (Weekly Fibo Support) STI’s weakness in the past months extends last week as the US continues to shake the Singapore market due to our reliance on trade and geopolitical stability. In addition to that, there has been a surge in the number of cases around the world therefore adding additional pressure on the sectors such as aviation and tourism that have already been treading in deep waters. In today’s STI Market Outlook, we will take a step further and look at fund flows to understand the situation of the SG market and whether there are signs of recovery or trend reversals. STI – Updated Daily Chart STI is still trending downwards with slight volatility at the moment. There is little to analyze on the daily chart as the sideway consolidation continues to extend with no specific date or event ahead...
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By Loopholes Singapore
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