A Bloomberg report said the index jumped, if a 19-point gain one-day move can be considered a jump. On the other hand, the STI did start the month on Aug 3, at 2,484.
The Straits Times Index stayed within a narrow range during the week, ending at 2,539, up 11 points week-on-week but below the 50-day moving average at 2,596 and its 100-day moving average at 2,589.
Both moving averages appear poised for a negative cross. This would be ominous, except that volume levels are at a low ebb.
