On 30/Mar, Singapore shares end higher Wednesday as fund managers adjust their portfolio before the closing of window dressing in Q1.
STI ended lower at 3095.32 (1.3%) with HIGH VOL of 1.57 billion shares traded compared with 1.07 billion shares Tuesday. In the broader market, gainers outnumbered losers 405 to 128. Today STI broke the resistance at 3070 with high buying pressure and the good market breath affirms on the bullishness of the investors.
Headline in STI
After market close
Sembcorp Marine Ltd. (S51.SG) has secured a contract with Teekay Corp. (TK) to ship-repair, refurbishment, upgrading and related marine services for a fleet of 137 ships
Technical Analysis on STI
Immediate Resistance of STI: 3120
Immediate Support of STI: 3070
MY sentiment on STI: STI broke 3070 resistance with high volume today. However we do not like the candle stick with long upper shadow which …