STI stabilising for now and consolidating As mentioned last week, STI might consider consolidating for the time being as the global market’s outlook remains weak for the time being. We saw in the past week that the STI trended slightly lover but rebounded on Thursday as there was some support at the technical level. At the moment there should be less activity in the market but the good news is that the potential for a huge downside is fairly small. Also, as more companies are paying out their second half or quarterly dividends, we should expect some counters to fluctuate in the near term and those counters should be given some thought if you are looking to accumulate or build up your portfolio. STI – Updated Daily Chart The STI bounced on the 3240 level showing signs of consolidation in the near term. However, the candle stick on Friday’s...