SGX Singapore Stocks & Forex Live Picks
Weekly Wrap of STI Markets
Your Advisor
Publish date: Fri, 30 Nov 2012, 08:39 PM
Your Advisor
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After fell below its 50 week MA level STI recover some points in previous week and this week STI recovers its previous 5 weeks losses and closed higher.
STI opens above the psychological level of 3000 @ 3001.52 and traded in the northward direction, it made low of 2997.87 in the week and took support @ this level and made week high @ 3083.26 levels. Finally closed @ 3069.39 with gain of 80.11 points up by 2.70% wow basis.
Macro Economic Factors
October Industrial Production contracted for the 3rd consecutive month by 2.1% y/y. However, it contracted less than in September (-2.8%) largely due to an improvement in electronics output (October: -6.1% y/y; September: -13.2%) and chemicals (October: +13.7; September: - 0.4%).
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
