Led by bank and oil counters, STI has broken first resistance 2908. Immediate resistance is ~ 2970 which is also 2016 peak. Transaction volume (as highlighted below) has been ramping up since early November, therefore market tends to believe domestic market is back to favor of foreign fund. Coming week shall see rate decision among ECB, followed by FOMC on week after next.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)
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