On 29/Aug, Singapore shares ended higher after Federal Reserve Chairman Ben Bernanke’s speech encouraged buyers.

STI ended higher at 2791.89 (1.6%) with LOW VOL of 1.23 billion shares traded compared with 1.30 billion shares Friday. In the broader market, gainers outnumbered losers 379 to 115. Today STI rally with broad market buying pressure although the trading volume is at relatively low level due to long holidays ahead.

Headline in STI

After market close

Olam International Ltd. (O32.SG) Q4 net profit rose 54.3% to S$142.9 million compared to S$92.6 million a year ago due to higher sales of commodities products.

Technical Analysis on STI

Immediate Resistance of STI: 2820

Immediate Support of STI: 2770

MY sentiment on STI:STI broke the resistance at 2770 today which the Singapore index are having issues for the past weeks. This affirms to the bullishness of the investors. ...