On 07/Oct, Singapore shares ended higher boosted by the fresh optimism that Europe is ramping up efforts on the debt crisis.

STI ended higher at 2640.30 (1.4%) with regular VOL of 1.59 billion shares traded compared with 1.45 billion shares Thursday. In the broader market, gainers outnumbered losers 322 to 171. Today investors continue to buy up the bargain stocks though there are signs of weakness displayed in the rally.

Headline in STI

Before market close

Keppel Corp. Ltd. (BN4.SG) has secured a US$245 million contract from Ensco PLC (ESV) to build an enhanced KFELS Super A Class harsh environment jackup rig.

After market close

Keppel Corp. Ltd (BN4.SG) said that five workers have been killed in an accident in this morning at the Keppel Subic Shipyard where a vessel was being repaired.


Technical Analysis on STI

Immediate Resistance of STI: 2650

Immediate Support …