🚀🚀🚀 🇸🇬 Singapore & 🇨🇳🇭🇰 Asia Pacific shares open stronger on Monday amid global rally‼️

9️⃣-1️⃣-2️⃣0️⃣2️⃣3️⃣ On the first day of year 2023's second week, the Asia Pacific stock markets all rise, continuing the upward momentum set by the U.S. stock markets.

🇸🇬 Singapore shares were pulled into positive territory, following a strong showing in the U.S. and Europe markets the week before. 

The $Straits Times Index(STI.SI)$ rose 1.5% or 48.28 points to 3325 just half hour after the market opened in the morning. 

It finally settled at 3305.67 with 0.88% gains at the end of day. Gainers outnumbered losers by 166 to 121. 

The trio of banks turned in mixed performance. $UNITED OVERSEAS BANK LIMITED(U11.SI)$ had advanced +1.3% at the beginning to SGD$31.33 but turned negative, losing-0.55% instead to close at SGD$30.67.

 $OVERSEA-CHINESE BANKING CORP(O39.SI)$ and $DBS GROUP HOLDINGS LTD(D05.SI)$ both have good break outs, turning in good profits for day trades. 

OCBC jumped +1.6% to reach SGd$12.70. It is now charging comfortably upwards with the resistance level at SGD$13.54. Analysts in Singapore all-out rate "BUY" for OCBC with target prices ranging from SGD$13.7 to SGD$18.28. Expect it to move up more tomorrow.

DBS soared +4% during the day to SGd$35.85. It finally settled with hains of +2.26% for the day and closed at SgD$35.25. It has hit (almost) at its resistance SGD$36.04 set in November. Analysis rate DBS high price target at SGD$46.95. DBS's support level is currently at SGD$32.80. 

How long can this strong performance of global stock markets continue? Let's give it one week, pending more information?

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The above information is for reference. This is not investment advice.

Do DYODD before making any trade. Good Luck!🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀

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