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Tuesday, September 13, 2011

Trading Ideas - Olam

The STI fell 2.89% to 2743 Monday on concern over Greece. The Dow has been down as many as 167 points but a report that China was to buy Italian govt debt and make other investments in Italy sparked a huge rally in the last 90min for the index to close up 68 points.

Locally, after falling 1.11% on Friday and 2.89% on Monday, STI may rebound. Should a rebound occurs, Olam could be a counter for trading play :