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STI may remain rangebound, with support at 4,800 and 4,735 points; resistance around 5,000 points

Felicia Tan
Felicia Tan • 4 min read
STI may remain rangebound, with support at 4,800 and 4,735 points; resistance around 5,000 points
The STI closed at its all-time high of 4,975.87 points on Feb 6, but previous all-time highs saw the STI dipping to below the 4,900 mark. Photo: Bloomberg
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The Straits Times Index (STI) has been teasing eager market watchers, flirting with the 5,000 mark, but stopping just short.

The STI closed at its all-time high of 4,975.87 points on Feb 6, but previous all-time highs saw the STI dipping to below the 4,900 mark.

Last weekend, The Edge Singapore’s Goola Warden posited that roundophobia — a fear of round numbers for the stock market — could set in.

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