6:59 PM
Admin
Weekly wrap of STI:
After 4 week of winning strike and also making a 17 month high STI this week closed with loss.
STI opens flat @ 3168.06 and then made a day high @ 3173.72 levels and faced resistance @ that higher level and slips after this it took support @ 3150.40 levels which is the lowest level of the week and after taking support this level finally STI made a week high @ 3180.50 and finally closed @ 3163.56 level with loss of 4.87 points down by 0.15% wow basis.
Macro economic factors:
Singapore's non-oil domestic exports (NODX) declined by 2.5% in November, compared to the 7.9% increase in the previous month. The figure was worst than market expectations for a 2.1% rise. On a month-on-month basis, exports decreased marginally by 0.3 % in November, following the previous month's 1.2% contraction
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