On 23/Mar, Singapore shares end higher Wednesday as improved situation in Japan lured investors back to the stock market.

STI ended higher at 3022.19 (0.6%) with LOW VOL of 1.31 billion shares traded compared with 1.2 billion shares Tuesday. In the broader market, gainers outnumbered losers 307 to 149.  From the market breath, we could see that the rally has began to lose its strength as traders are fearful of the critical resistance at 3040

Headline in STI

After market close

DBS Group Holdings Ltd.’s (D05.SG) Hong Kong unit is likely to report a double-digit loan growth in the first quarter boost by China-related trade flows and loan demand from Chinese companies.

Technical Analysis on STI

Immediate Resistance of STI: 3040

Immediate Support of STI: 2973

MY sentiment on STI:  Investor seems to be hesitant as the index approaches the critical resistance at 3040. ...