On 11/April, Singapore shares ended lower on the concerns of rising Spanish and Italian bond yields.

STI ended lower at 2946.44 (1.2%) with HIGH VOL of 3.55 billion shares traded compared with 2.43 billion shares Tuesday. In the broader market, losers outnumbered gainers 249 to 159. Today STI merely undergo profit taking as investors unwound positions in riskier assets.

Headline in STI

After market close

DBS Group Holdings Ltd. (D05.SG DBSDY) plan to invest CNY2.3 billion (U.S.$354 million) into its China unit to expand.

Technical Analysis on STI

Immediate Resistance of STI: 3005

Immediate Support of STI: 2936

MY sentiment on STI: It seems that STI has lost its strength in the rally as the index failed to break the 3030 resistance. The support at 2906 is likely to be strong to cause a rebound on the pullback. If interested, do watch ...