1. The Straits Times Index attempted to trade higher last week as the market entered deeper into the earnings reporting season. The week started with profit taking action but buyers were quick to snap up the sellers the next day. Further buying continued but it failed to reach the resistance at 3255 level; reaching a high of only 3249 level. With lacking of fresh catalyst to push the market higher, sellers dominated the market at the end of the week. This pushes STI lower, ending at 3326.52 level with 4.23pts down for the week.

    As STI is facing resistance right now, how will STI behave

  2. The Straits Times Index continued their bullish movement last week as market participants are positive on the improving economic environment. Banks results were being reported last week and this lead to bullish strength in the banking sector. With the banks trading higher, the index managed to get a boost from them. Gains were seen during the first 4 days of the week which lead STI to test its resistance at 3355 level. This resistance level held well and caused STI to enter profit taking actions on Friday. Therefore, STI did not end at 3355 resistance level for the week. Instead, it closed

  3. Bullish sentiment continued for Straits Times Index last week. Market participants continued to be positive on the direction of the market, pushing STI to as high as 3331.13. High offer price for Global logistic trust has brought confidence in the market that there is more value in the market to be unlocked. Rowsley got it price nearly doubled as its major shareholder, Peter Lim, decided to inject his medical assets into the company. This streak of news had lifted the sentiment of the market. Profit taking was seen on Thursday but it was quick to be countered on Friday. Therefore, STI ended

  4. At last, the Straits Time Index managed to secure a more sustainable bullish movement after months of sideways movement. The key catalyst for the bullish movements was triggered by Yellen’s comment on US economy and the potential of future interest rate hikes. This drew positive sentiments in the market. This strong bullish movement only came about on Thursday, right after the speech by Yellen on Wednesday night. In the early week, market participants were cautious and were seen exiting the market; reaching a low of 3196 level. This selling pressure was being countered by strong movements o

  5. Range bound. The Straits Times Index continued its range bound streak last week despite various attempts to move beyond its usual movements. Talks on US Fed interest rate hikes became the topic of the week which brought some volatility into the market. The start was a bearish one but it did not go beyond 3200 level. Buyers were still supporting this level which prevented sellers from pushing the market out of the lower range. Buyers were strong last Wednesday in anticipation of good economic data in US. However, the gains were unsustainable which lead to a flat closing for the week. STI clo

  6. It was another range week for Straits Times Index as the market continues to trade cautiously. During the start of the short week, there wasn’t much action in the market as there was lacking of catalyst to trigger any strong movements in the market. The trading range was between 3200 – 3225 levels. It was only when there was strong bullish closing by US market on Wednesday night that caused some strong movements in STI. The reaction was seen on Thursday where STI performed a strong gap up opening which pushed STI to as high as 3262 level during the day. However, this strong bullish movement

  7. It had been a pretty exciting week for Straits Times Index as market watchers are waiting for the expected interest rate hike in US. The expectations were fulfilled and new expectations were established. Many are looking forward towards further hike to happen in coming quarter. Usually, when expectations are met, the market will adopt the “sell on news” effect. This time round, our market reacted according to this effect. There were bullish anticipation during the early week but it was quick to be brought down by sellers whom think that the interest rate hike is being over-rated. After the

  8. Yet again, the Straits Times Index faced another indecisive week as the market waits for the result of UK’s election. The results of the election were announced last Friday afternoon. It turns out to be a “hung” government which many speculated that it can lead to unstable political situation in UK. However, market reacted differently to the election result. Positive sentiments were seen at various markets as they deemed that the election result can spur better economic improvements in UK. Back to STI, the first 4 days of the week were trading flat with low trading volume. Market participan

  9. Straits Times Index started to gain some bullish traction last week after lacking of clear direction last week. The start of the week did not start with a bullish start. Instead, selling pressure was seen to push STI to as low as 3195 level. Upon this level, bargain hunters were seen entering the market to start pushing offshore marines sector higher. This helped STI to start its buying momentum. This time round, the buying momentum did not face selling pressure until the end of the week. Therefore, STI was able to maintain reverse its losses and retain the gains with 20.59pts up for the we

  10. It had been a quiet week for Straits Times Index last week as there was a tussle between the buyers and sellers. The start of the week was bullish but it was lacking of sustainability. Sellers were still in the market to prevent any strong upside movement. It is obvious to see that the strength of the bull was weak as it did not sustain its high at 3248 level. On Friday, the bearish pressure took control of the market and caused STI to return nearly its whole week’s worth of gains. This resulted in a small gain of 2.5pts with thinner trading volume. STI ended at 3219.42 level.

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