On 22/Nov, Singapore shares ended higher after declining for five straight sessions.
STI ended higher at 2717.20 (0.7%) with regular VOL of 1.49 billion shares traded compared with 1.19 billion shares Monday. In the broader market, gainers outnumbered losers 189 to 150. Today STI rally under weak buying pressure as investors are merely bargain hunting on the recently hammered stock.
Headline in STI
Before market close
Singapore Telecommunications Ltd. (Z74.SG) has priced its US$200 million, seven-year floating-rate bond issue.
Technical Analysis on STI
Immediate Resistance of STI: 2778
Immediate Support of STI: 2679
MY sentiment on STI: Today STI re-test the critical support at 2679 and rebound strongly off this support. However the rally is lack of conviction due to poor market breadth. Watch for the 2679 support for any signs of consolidation as it could be a good entry point now.