On 06/April, Singapore shares end higher Wednesday as bullish traders ignore the China’s latest interest rate hike.

STI ended higher at 3170.33 (0.7%) with HIGH VOL of 1.65 billion shares traded compared with 1.3 billion shares Tuesday. In the broader market, gainers outnumbered losers 337 to 161. Today STI continue to show signs of weakness on its rally although the buying pressure seems to rise for mid/small cap.

Headline in STI

Before market close

Mapletree Commercial Trust has set a price range for its IPO at S$0.84 to S$0.91 per unit that could rise about S$1 billion.

PUB, Singapore’s national water agency and Hyflux Ltd have signed a 25-year Water Purchase Agreement (WPA) for Singapore’s second and largest desalination plant.

Technical Analysis on STI

Immediate Resistance of STI: 3180

Immediate Support of STI: 3145

MY sentiment on STI:  If you are still holding stocks, ...