Weekly Wrap

For the week, Hang Seng HSI rose the most with 2.9% up. Shanghai SSE also very bullish, with 2.8% gain this week.

The three major US indices all hit new high this week, the Dow has had 7 weeks green in a row.
The one and the only disappointing index was STI. A rather quiet boring week for STI. Again. Market is playing " Buy on China, forget about Singapore". No any signs of funds flowing into Singapore market. Are we really hurt by the three companies(i.e. Blumont, Asiasons and LionGold)??

STI closed at 3172.85 with 28.42 points or 0.9% negative for the week. Anyway, I'm cautiously bullish for STI, the support level 3167-3190 was held, still.  For the upside, immediate resistance is 3218 level.