Shares & Derivatives
OCBC Lends Russia’s Sberbank $250 Million!
By Dou  •  December 24, 2010
On 24/Dec, Singapore shares end higher Friday with trading activity winding down on Christmas Eve holiday STI ended higher at 3143.80 (0.2 %) with LOW VOL of 466 million shares traded compared with 824.9 million shares Thursday. In the broader market, gainers outnumbered losers 176 to 165. Today there is hardly any life in the market as most investors on holiday while the rest sidelined. Headline in STI Before market close Noble agreed to purchase two sugar and ethanol facilities worth US$950 million owned by Brazilian group Cerradinho. After market close Oversea-Chinese Banking plan to supply $250 million to sustain trade finance for OAO Sberbank (SBER.RS) Technical Analysis on STI Immediate Resistance of STI: 3145 Immediate Support of STI: 3120 MY sentiment on STI:  Watch for the resistance at 3145. STI seems to be having issues in breaking this level under low trading volume. OCBC Lends ......
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By Dou
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