On 21/May, Singapore shares ended higher after leaders of the Group of Eight major economies affirmed they want Greece to remain in the euro zone

STI ended higher at 2790.16 (0.4%) with LOW VOL of 1.16 billion shares traded compared with 1.61 billion shares Friday. In the broader market, gainers outnumbered losers 243 to 98. Today STI went through buying pressure as investors regain confidences on the news from G8.

Headline in STI

After market close

Global Logistic Properties Ltd. (MC0.SG) plans to develop a US$169 million logistics facility in Greater Tokyo with its joint venture with the Canada Pension Plan Investment Board.

Technical Analysis on STI

Immediate Resistance of STI: 2848

Immediate Support of STI: 2791

MY sentiment on STI: STI re-test the support turned resistance at 2791 but failed to break out due to last minute profit taking. The resistance at 2791 will ...