On 08/July, Singapore shares end higher boosted by good U.S. employment data released Thursday.

STI ended higher at 3151.28 (0.8%) with HIGH VOL of 1.67 billion shares traded compared with 1.27 billion shares Thursday. In the broader market, gainers outnumbered losers 366 to 141. Today STI undergo a SOILD rally with heavy buying pressure and strong positive market breadth. This affirms that investors are bullish on the earning reports ahead and ready to buy up the stocks when necessary.

Headline in STI

Before market close

Ascendas Real Estate Investment Trust (A17U.SG) has bought a commercial property in Singapore’s International Business Park for S$121.6 million.

After market close

STX OSV Holdings Ltd. (MS7.SG) reported that STX Europe Holding AS has agreed to sell 18.3% of its shares to OZ Management LP in a placement deal.

Technical Analysis on STI

Immediate Resistance of ...