While US and Japan central bank hold on respective monetary policies, market sentiment was volatile due to mixed polling survey about "BREXIT from Europe. STI was declining ~ 3% amid last week amid such eventful period. Downward trend is intact as refer to below chart. Immediate support is 2727.
From historical perspective, STI is trading under attractive region as valuation is low (PE ~ 11, PB ~1.1). In non technical term, it is cheap.
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA)
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