On 22/May, Singapore shares ended higher after Europe leaders are expected to discuss measures to promote growth and ways to keep Greece in the euro zone.
STI ended higher at 2823.75 (1.2%) with regular VOL of 2.19 billion shares traded compared with 1.16 billion shares Monday. In the broader market, gainers outnumbered losers 282 to 97. Today STI undergo heavy buying pressure as investors regained their confidences on the market.
Headline in STI
Technical Analysis on STI
Immediate Resistance of STI: 2848
Immediate Support of STI: 2791
MY sentiment on STI: STI has broken the critical resistance at 2791 and boost the confidences of the market. The selling has clearly eased as the index rebounded strongly. Suggest to look into buying for this week on any pullback as it is not too late for entry.
STI Rebound On Strong Buying! is contributed by : …