STI Market Review
Singapore Market opened lower on Tuesday with the Straits Times Index (STI) down 17.16 points to 2,883.76 and ended lower to 24.89 points or .86 percent at 2876.03.STI came off from its intra-day peak of 2886.37 and low of 2865.64.Straits Times Index declined 0.83% in midday and the Market breadth was negative. Excluding warrants, decliners out number gainers 234 to 70 at mid-day.
Market Forecast
STI is expected to consolidate with negative sentiment in its next trading session. It has its support at 2855 and resistance at 2890. Investors are cautious over sluggish global markets, as slumping oil prices dented their confidence ahead of a likely US rate hike.The investors are also weighed down by weak China trade data, which has added worries.
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