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Weekly
wrap of STI:
Singapore's Straits Times index ended up 1.6% at a 5-year closing high of 3,348.87, taking its gains for the week to 1.74 %, the biggest in 3 months.
STI opens above 3300 mark but suddenly fell below this level and made low of 3279.82 and took support at this level and boom from that level and crossed 3320 resistance level and finally made week high @ 3352.90. Finally closed @ 3348.82 with gain of 1.6% wow basis.
Economic Data:
Singapore's inflation in March came in at a slower pace than analysts expected. The consumer price index (CPI) rose a slower than expected 3.5 % in March, after rising 4.9 % in February. Economists polled by Reuters were expecting inflation of 3.75 per cent due to a drop in car prices.
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