On 06/June, Singapore shares ended higher on hopes central banks in the U.S. and Europe will boost the slowing worldwide economy.

STI ended higher at 2760.83 (1.8%) with LOW VOL of 1.24 billion shares traded compared with 947.7 million shares Tuesday. In the broader market, gainers outnumbered losers 294 to 75. Today STI rally under heavy buying pressure as investors turned bullish on positive news from Europe.

Headline in STI

Before market close

Swiber Holdings Ltd. (AK3.SG) has won contracts worth US$830 million for offshore construction projects and vessel chartering services.

After market close

Sembcorp Industries has entered into a 95:5 joint venture to build, own and operate an industrial wastewater treatment plant in China.

Technical Analysis on STI

Immediate Resistance of STI: 2767

Immediate Support of STI: 2691

MY sentiment on STI: STI re-test the critical resistance at 2767 today but failed to ...