On 10/Oct, Singapore shares ended higher after Germany and France agreed to support the European banking sector.

STI ended higher at 2668.30 (1.1%) with LOW VOL of 1.08 billion shares traded compared with 1.59 billion shares Friday. In the broader market, gainers outnumbered losers 239 to 171. Today STI perform a relatively weak rally as investors are merely buying on bargain stocks rather than overall market.

Headline in STI

After market close

Oversea-Chinese Banking Corp. (O39.SG) has acquired China-incorporated Shanghai International Group Plaza Co. for CNY310.7 million from the Shanghai Municipal Government.

Technical Analysis on STI

Immediate Resistance of STI: 2680

Immediate Support of STI: 2650

MY sentiment on STI: The rally for today is weak and lack of conviction as there are little buying pressure. This affirms that investors are cautious of the technical resistance at 2680 and would rather sideline to monitor ...