On 03/Jan, Singapore shares ended higher on improvement in Chinese manufacturing activity.

STI ended higher at 2688.36 (1.6%) with regular VOL of 922.3 million shares traded compared with 437 million shares Friday. In the broader market, gainers outnumbered losers 272 to 73. Today STI undergo strong rally though the buying volume is limited due to holiday seasons.

Headline in STI

Before market close

CapitaMalls Asia Ltd. (JS8.SG) plan to offer up to S$400 million of 10-year callable step-up bonds.

Mewah International Inc. (MV4.SG) plans to invest about US$145 million in a crude palm oil refinery, packing plant and related logistics facilities in Indonesia.

After market close

Keppel Corporation Ltd wholly-owned subsidiary, KV Ventus BV, has inked three agreements to acquire a 49.9 per cent stake in an offshore wind turbine foundation designer for NOK $61 million (US$10.2 million).

Technical Analysis on STI

Immediate ...