STI rebounded today, up 6.57%, 128.02 points. G7’s effort has put some confidence back into the market today.
Most indices rebounded today, but bear run is not over yet.
It’s still a comfort to see a white candle today, pushing the high higher than yesterday’s open.
I just received the financial report in one of the companies I invested in. KTL is still making money, revenue went up more than 50% and net profits went up as well.
But stock prices remained low. I am glad that I wasn’t pressurized by the market sentiments to give up my investments.
Anyway, the market confidence looks good today. Market should continue a short rally these few days till Friday, ceteris paribus, no more close downs from Wall Streets.
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