On 27/Jan, Singapore shares ended higher though investors remains caution over Greece’s debt woes.
STI ended higher at 2916.26 (0.8%) with HIGH VOL of 1.56 billion shares traded compared with 1.35 billion shares Thursday. In the broader market, gainers outnumbered losers 286 to 110. There has been strong buying pressure starting 4 pm as STI broke the psychologically important level at 2906.
Headline in STI
Before market close
United Fiber System Ltd. (P30.SG) has entered a S$1.5 billion reverse takeover agreement which would see the company refocusing on coal mining.
After market close
ST Engineering’s aerospace arm, ST Aerospace, secured S$350 million worth of contracts for its aircraft maintenance and modification, component and engine total support businesses in the fourth quarter of 2011.
Technical Analysis on STI
Immediate Resistance of STI: 2936
Immediate Support of STI: 2906
MY sentiment on STI: See market outlook …