SINGAPORE MARKET REPORT

STI made a gap down opening for the week and still continued the down side and hit to new lows of the year to date 3270, as forecasted in our previous report, prices went in the same down side and came to the OCT 2017 levels. Traders won’t be in loss, if worked as our forecasted strategies. A mild correction in prices can be seen in coming days or correction can be taken till 3315 handle. But its a strong fall that we have seen from May 2018 till date, the potential of market has been lowered in a big form.   

Downside will be continued until prices dose not sustain above 3320 tag and if the support of 3270 gets birched down we can see prices trending at 2240 & 2170 as well 

Real Estate & Finance were the main sector which shown a major down side to traders. On other hand industrials were the sector which were in sharp up side.

On daily basis Straits Time Index closed at 12.6 points down around 0.38 percent lower at 3287, which vanished year to date performance to -3.39 percent

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