The Straits Times Index closed up 16 points week-on-week at 2,545 on Aug 7, but not before touching a low of 2,484 on Aug 3. Since then the STI has rebounded, but remaining under the still declining 100-day moving average at 2,574 and the 50-day moving average at 2,625. These are likely to act as resistance levels for any further attempt at a rebound.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe