On 08/April, Singapore shares end higher Friday as fears eased on powerful aftershock which hit Japan on Thursday night.

STI ended higher at 3187.31 (0.5%) with HIGH VOL of 1.62 billion shares traded compared with 1.56 billion shares Thursday. In the broader market, gainers outnumbered losers 298 to 213.  Today STI merely rally on selective stocks but remains relatively weak on the overall market sentiment

Headline in STI

Before market close

Singapore Exchange Ltd. (S68.SG) does not plan to continue its proposed merger with ASX Ltd. (ASX.AU) after the Australian government officially blocked the US$8.9 billion deal.

STX OSV had won contracts for the design and construction of three multi-role vessels.

After market close

Beijing have extends a price cap imposed on Wilmar in November to hold off increasing prices of cooking oil.

Technical Analysis on STI

Immediate Resistance of STI: 3180

Immediate …