On 27/April, Singapore shares end higher Wednesday though there are concerns on the outcome of the Federal meeting due later.

STI ended higher at 3182.68 (0.3%) with regular VOL of 1.34 billion shares traded compared with 1.04 billion shares Tuesday. In the broader market, losers outnumbered gainers 246 to 220. It seems that investors remain fearful of the resistance at 3214 and market breadth remains negative despite STI rose 0.3%.

Headline in STI

Before market close

Osim International 1Q net profit surged 150% to S$20 million compared to a year earlier.

After market close

Sats Ltd had bought 40 per cent stake in Saudi Arabia’s Adel Abuljadayel Flight Catering Company (AAFC) for US$18.5 million.

Technical Analysis on STI

Immediate Resistance of STI: 3214

Immediate Support of STI: 3180

MY sentiment on STI: The candle sticks with long lower shadow similar to “hanging man” affirms ...