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 …