8:20 PM
Admin
The recovery on Wall Street and the stronger Nikkei start give clue the STI and its open on firm node.
STI opens above its up slopping trend line @ 3045.67 and made a day low @ 3042.30. Took support at its lower level and recovers for making high of 3058.58, crossed its 50 day MA level of 3049.62.finally closed @ 3050.93 above its 50 DMA with gain of 5.26 points up by 0.17%. However there were 167 gainers against 244 losers by the end of the session.
Inflation in Singapore accelerated in September, driven by higher transport and housing costs. Data from the Department of Statistics showed that the consumer price index (CPI) for all items rose to 4.7 % in September; from 3.9 % in August.August's CPI of 3.9 per cent was the lowest in almost two years.
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