On 02/Mar, Singapore shares ended higher as investors digested positive developments from overseas

STI ended higher at 2993.49 (0.5%) with LOW VOL of 1.31 billion shares traded compared with 1.64 billion shares Thursday. In the broader market, gainers outnumbered losers 270 to 139. Today STI rebound slightly on weak buying pressure as bears cover for the weekend.

Headline in STI

After market close

Singapore Airlines Ltd. (C6L.SG) plan to increase its surcharges on fuel between US$2 and US$28 per sector, depending on the distance and class of travel, effective March 8, to offset the impact of higher fuel prices.

Technical Analysis on STI

Immediate Resistance of STI: 3005

Immediate Support of STI: 2936

MY sentiment on STI: See market outlook.

SIA To Increase Fuel Surcharges! is contributed by : Singapore Stock Information Exchange