Shares & Derivatives
Wilmar Signs Pact For China Property Venture!
By Dou  •  December 21, 2010
On 21/Dec, Singapore shares end higher Tuesday as the market got boosted by the easing tensions in the Korean peninsula STI ended higher at 3139.85 (0.2 %) with LOW VOL of 802 million shares traded compared with 1.08 billion shares Monday. In the broader market, gainers outnumbered losers 262 to 161. Today STI rally is lack of conviction as the trading volume is low and only 62% of stocks ended in positive. Headline in STI After market close Wilmar International Ltd. (F34.SG) has signed a pact with two property developers for real estate development, operation, sale, leasing, property management and hotel business in China Technical Analysis on STI Immediate Resistance of STI: 3145 Immediate Support of STI: 3120 MY sentiment on STI:  Today STI rebound off the critical neckline at 3120 and closes slightly higher. However the buying pressure actually made us doubt if this rally ......
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By Dou
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