8:43 PM
Admin
Weekly wrap of STI:
STI start with gap down and also closed at lower side, overall market was concern about bailout plan for Cyprus.
STI opens with gap @ 3261.16 and then traded higher and made week high @ 3283.70 but again faced resistance at this level and fell below its 3250 mark and took support at week low @ 3248.87 marks and finally closed @3258.57 with loss of 27.48 points down by 0.83% wow basis.
Economic data:
Consumer price inflation this year remained unchanged from the November survey, at 3.8%. But MAS core inflation, which strips out private transport and accommodation prices, is expected to come in at 2 %, down from the last survey's 2.2 % median forecast
Posts
