On 24/Nov, Singapore shares end higher Wednesday as bargain hunters buy potential stocks from the earlier selling off as the tension ease.

STI ended higher at 3137.01 (0.3%) with LOW VOL of 1.63 billion shares traded compared with 2.03 billion shares Tuesday. In the broader market, gainers outnumbered losers 246 to 222.  Today STI rises slightly due to bears covering and some bargain hunting.  Overall the buying pressure is still relatively weak and we would not call that a rebound from support.

Headline in STI

Before market close

CapitaLand Ltd. (C31.SG) has formed a US$100 million joint venture with Mitsubishi Estate Asia and GIC Real Estate to invest in residential projects in Vietnam.

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Technical Analysis on STI

Immediate Resistance of STI: 3148

Immediate Support of STI: 3119

MY sentiment on STI:  Support at 3119 seems to be able …