On 27/Mar, Singapore shares ended higher on renewed expectations the Fed may embark on another major round of policy easing.

STI ended higher at 3018.91 (1.5%) with regular VOL of 1.81 billion shares traded compared with 1.46 billion shares Monday. In the broader market, gainers outnumbered losers 293 to 102. Today STI rally under strong buying pressure as investors turned bullish over Fed’s comments.

Headline in STI

After market close

Tiger Airways Holdings Ltd. (J7X.SG) its 33%-owned Mandala Airlines will resume flights April 5 and will commence selling tickets for its initial routes today.

Neptune Orient Lines Ltd. (N03.SG) had mandated banks for a proposed offering of Singapore dollar-denominated perpetual capital securities.

Technical Analysis on STI

Immediate Resistance of STI: 3030

Immediate Support of STI: 3005

MY sentiment on STI: STI rally with high volume today which affirms to the bullishness of the traders. ...