On 20/Sept, Singapore shares ended higher after the choppy session as fears heighten on the downgrade of Italy sovereign debt rating.

STI ended higher at 2780.84 (0.9%) with LOW VOL of 1.15 billion shares traded compared with 1.03 billion shares Monday. In the broader market, gainers outnumbered losers 223 to 165. Today STI rally is lack of conviction since the buying pressure is low and market breadth is relatively weak for a 0.9% rally.

Headline in STI

Before market close

StarHub will be the exclusive partner of Vodafone after the mobile communications company’s contract with M1 expires on Dec 31.

After market close

DBS Group Ltd. (D05.SG) will invest S$250 million in its private banking platform over the next five years.

Technical Analysis on STI

Immediate Resistance of STI: 2820

Immediate Support of STI: 2770

MY sentiment on STI: STI continue to consolidate as ...