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Daily Market Opinion for 17-Aug-2012

Yesterday, STI closed flat despite attempts to test 3080 resistance during the day. STI started the day slightly higher and started to climb towards 3080 resistance level after bargain hunters entering the market. However, when the price reaches close to 3080 level, STI started tempering off.

Daily Market Opinion for 16-Aug-2012

STI failed to hold its bullishness yesterday as gloomy economic outlook plague the market. STI started the day by gapping down to 2078 level as Wilmar opened with a strong gap down in reaction to its poor earnings report. After opening, STI continues to slide down further as buyers were staying out of the market.

Daily Market Opinion for 15-Aug-2012

STI continued its bullish streak yesterday after speculations of recovery of the different economies. STI started with a lacklustre opening as it open slightly higher. Trading activity was slow during the early session as participants of the market were looking for directions. After lunch hours, buying momentum started to pick up again as HSI took the lead in the bullishness.

Daily Market Opinion for 14-Aug-2012

Yesterday, STI started the week with a positive note by closing 10.61pts higher. The bullish movement for the day started off with slight gap down. But the selling pressure was weak as it was quickly overcome by bargain hunters lurking in the market. Despite weak market sentiment in HSI, STI was able to ignore the bearishness and continued to trade higher.