On 03/Jan, Singapore shares end higher Monday as investors remained bullish on the first day of trading for 2011.

STI ended higher at 3235.77 (1.4 %) with HIGH VOL of 2.17 billion shares traded compared with 667 million shares Friday. In the broader market, gainers outnumbered losers 453 to 118. Today STI broke the shoulder resistance at 3214 with huge buying pressure on overall market. This affirms that investors are very bullish on the 2011 and buying up the stock awaiting for more rallies ahead.

Headline in STI

Before market close

China’s purchasing manager index for the non-manufacturing sector rose to 56.5 in December from a nine-month low of 53.2 in November

Technical Analysis on STI

Immediate Resistance of STI: 3250

Immediate Support of STI: 3214

MY sentiment on STI:  The immediate minor resistance of STI is at 3250 but this resistance will not be ...