On 02/Dec, Singapore shares end higher Thursday boosted by the strong rally on Wall Street overnight and investors continue to bargain hunting.

STI ended higher at 3197.96 (0.5%) with LOW VOL of 1.46 billion shares traded compared with 1.27 billion shares Wednesday. In the broader market, gainers outnumbered losers 318 to 166. Although STI managed to continue its rally but signs of weakening on the buying pressure can be spotted on the overall market.

Headline in STI

After market close

Keppel Corp has signed a contract to construct two jackup rigs worth US$360 million.


Technical Analysis on STI

Immediate Resistance of STI: 3213

Immediate Support of STI: 3148

MY sentiment on STI:  We advise to keep sideline first since the market has went up slightly and does not seems to be able to charge past the 3213 resistance. The resistance …