On 25/Aug, Singapore shares ended higher on renew optimism that Fed may take steps to stimulate the U.S. Economy.

STI ended higher at 2765.74 (1.7%) with LOW VOL of 1.41 billion shares traded compared with 1.6 billion shares Wednesday. In the broader market, gainers outnumbered losers 329 to 151. Today STI rally with low buying volume as investors sidelined to await more outcome from the Fed

Headline in STI

Before market close

Raffles Education 2011 net profit decline 20% to S$41.92 million compared with S$52.56 million a year ago due to foreign exchange losses and lower enrollments.

After market close

Tiger Airways Holdings Ltd. (J7X.SG) is planning a rights issue that could see it raise at least S$100 million.

Technical Analysis on STI

Immediate Resistance of STI: 2770

Immediate Support of STI: 2680

MY sentiment on STI: STI re-test the resistance at ...