On 08/Nov, Singapore shares ended higher though investors remained cautiously optimistic over the European debt issues.

STI ended higher at 2866.52 (0.6%) with regular VOL of 1.51 billion shares traded compared with 1.46 billion shares Friday. In the broader market, losers outnumbered gainers 270 to 191. Today STI rally based from specific stocks since the overall market breadth remains negative as investors choose to take profit.

Headline in STI

Before market close

Cosco Corp. (Singapore) Ltd. (F83.SG) plans to issue offshore yuan-denominated bonds after a series of roadshows starting Thursday,

After market close

Noble Group Ltd. (N21.SG) has added more banks including Citigroup Inc., Goldman Sachs Group Inc. and Bank of America-Merrill Lynch for the planned initial public offering of its agriculture business in Singapore.

Technical Analysis on STI

Immediate Resistance of STI: 2936

Immediate Support of STI: 2820

MY sentiment on STI: ...