On 27/May, Singapore shares end higher Friday though investors remains concern on the inflation and slowing growth in China.

STI ended higher at 3135.52 (0.4%) with regular VOL of 1.32 billion shares traded compared with 1.13 billion shares Thursday. In the broader market, gainers outnumbered losers 269 to 166. The rally for STI remains weak as investors are merely buying up selective stocks to boost the index higher.

Headline in STI

Before market close

Olam International Ltd. (O32.SG) has launched a US$1.25 billion syndicated term loan facility that will be used to refinance existing debt, working capital needs and for expansion.

There are reports that Cosco Corporation rig orders could be hit after Norway oil services group Sevan Marine faced financial difficulties.

Technical Analysis on STI

Immediate Resistance of STI: 3146

Immediate Support of STI: 3120

MY sentiment on STI: See market outlook tomorrow.

...