SINGAPORE (July 9): Although the Straits Times Index ended the shortened trading week of July 6-9 unchanged at 2,652, indicators have strengthened. Despite this, the index may not make spectacular moves. ADX which points to market direction is at 14, which is a low level. The lower ADX readings are, the more pronounced the sideways trend. In addition, volume shrank during July 6–9, as the STI strengthened.

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