The STI, once down as many as 27 points in the first 20mins at market open; tested the previous day support at 2363.28 at 9.30 am. Though the STI managed to rebound but it started to drift sideways throughout the entire trading session for today.
Likelihood that the market will continue to go choppy and unsettled. Avoid trading if possible.
Nonetheless, as far as we are concerned, commodity seems to be able to withhold and doing rather fine. Individual commodity stocks are performing slightly, hence, for short term investors who are unwilling to stay on the sides can seek for opportunities in this sector, but advisable to enter with small risk.
Straits Asia seems promising, continuing from yesterday’s good performance.
That’s all for today!
