| 3514.49 | +2.09 | (+0.06%) | |
| 1761.01 | +0.61 | (+0.03%) | |
| 217.80 | -0.09 | (-0.04%) | |
| 1347.17 | -9.67 | (-0.71%) | |
| 17556.87 | +157.29 | (+0.90%) | |
| 20927.75 | +22.91 | (+0.11%) | |
| 13559.62 | +3.09 | (+0.02%) | |
| 2578.16 | +19.71 | (+0.77%) |
STI resisted selling and ended mixed with a slight increase of 2.09 to 3514.49. A small little hammer at the top. It seems that it will be hammering down. Most markets were mixed while Nikkei climbed.
In the list of play, resources/energy and Chip stocks in play. Market is also anticipating which construction company will seized the contract to build the IR. CSC halted, seems a hot favourite among its peers. Global Test, Delong (If lifted) together with some of the resource stocks that have rallied could fall tomorrow to a correction phase.
Blue chips, Banks overall down together with some of the deemed overpriced China counter in bid of getting away from a potential explosion caused by China's two markets. Sembcorp climbed to $5. Quite confident that it will continue its way up. Comfortdelgro lagged due to fuel price. Well, everything is a cycle, current resource and energy counters have climb significantly. The trend usually reversed once its exhausted. Currently energy sector is on its way to total exhaustion. Not yet, but soon. Big funds and buyers still keeping the music on. However, overall markets are loosing momentum and is very fragile. Its like an tower built with toothpicks.
Any opinion herein is made on a general basis and is not an inducement to trade.
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