On 13/April, Singapore shares ended higher after data showing China’s economy cooled more than expected in the first quarter strengthened expectations that Beijing could ease its monetary policies further.

STI ended higher at 2987.82 (0.3%) with HIGH VOL of 4.53 billion shares traded compared with 3.3 billion shares Thursday. In the broader market, gainers outnumbered losers 230 to 169. Today STI merely rebound on weak buying pressure as investors await for earning report ahead.

Headline in STI

After market close

Singapore Press Holdings Ltd. (T39.SG) 2Q net profit rose 11.6% to S$84.1 million from S$75.4 million a year earlier helped by higher rental income from the group’s retail properties, while its core publishing business saw flat growth.

Technical Analysis on STI

Immediate Resistance of STI: 3005

Immediate Support of STI: 2936

MY sentiment on STI: See weekly market outlook

SPH 2Q Net ...