Singapore Shares: Resistance At 4,900 Points

The Straits Times Index rebounded on Friday after a prior two-day rally that had added more than 60 points (about 1.2%). The index sits just below the 4,900 level and is expected to open lower, signaling limited near-term directional conviction among investors.

Analysis

The Straits Times Index rebounded on Friday after a prior two-day rally that had added more than 60 points (about 1.2%). The index sits just below the 4,900 level and is expected to open lower, signaling limited near-term directional conviction among investors.