On 24/Feb, we had another time of boring and choppy trades throughout the whole day. The STI finished 20.41 points, or 0.7% lower at 2,762.14, with low VOL of 1.20 billion shares changing hands compared with 1.19 billion Tuesday. But in the broader market, gainers overtook losers 242 to 195. (Not really a broad based selling).
The market are generally more cautious (Keep sideline) as tonight Fed Chairman Ben Bernanke will testimony before Congress and making fresh calls on the outlook of the global economy & the direction of interest rates.
Nevertheless do watch out for City Dev tomorrow since they will be announcing their earning report before the bell.
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