8:06 PM
Admin
Weekly wrap of STI:
Week starts with negative territory and crossed its major
support area and made a new low, but finally closed for the week on positive
node.
STI
opens with some points of loss @ 3264.57 and then it faced strait down fall and
took support @ 3234.67 levels which is weekly low , after taking support at
this level STI took turn and made week high @ 3300.16 levels and finally closed
@ 3289.53 with gain of 20.03 points up by 0.61% wow basis.
Economic data:
- Singapore's Purchasing Managers' Index (PMI) dipped 0.8 points month-on-month to 49.4 in February. A PMI reading below 50 indicates a contraction in the manufacturing economy.
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