On 28/Nov, Singapore shares ended higher boosted by strong holiday-weekend retail sales in the U.S.

STI ended higher at 2694.43 (1.9%) with LOW VOL of 1.147 billion shares traded compared with 1.142 billion shares Friday. In the broader market, gainers outnumbered losers 196 to 112. Today STI rally is lack of conviction due to low volume and overall poor market breadth.

Headline in STI

After market close

StarHub has acquired the exclusive broadcast rights to UEFA Euro 2012, considered the second most important international competition for European football clubs after UEFA Champions League.

Technical Analysis on STI

Immediate Resistance of STI: 2778

Immediate Support of STI: 2679

MY sentiment on STI: Today STI broke the critical resistance at 2679 and close near the high. However the buying pressure is weak as most investors remains cautious. This rally may not be sustainable and we suggest to …