On 11/June, Singapore shares ended higher on Spain’s bank bailout, while sentiment was also boosted with Chinese economic data that was less bad than some had feared.

STI ended higher at 2787.81 (1.8%) with LOW VOL of 1.01 billion shares traded compared with 918 million shares Friday. In the broader market, gainers outnumbered losers 263 to 98. Today STI undergo rally with strong buying pressure as investor buy on the recent correction.

Headline in STI

Before market close

Olam International (032.SG) is “seriously looking” to buy sugar cane plantations in Indonesia as consumption there is growing.

After market close

Singapore Exchange Ltd. (S68.SG) has extended Chief Executive Magnus Bocker’s term by about two-and-half years to now end at June 30, 2015.

Technical Analysis on STI

Immediate Resistance of STI: 2802

Immediate Support of STI: 2767

MY sentiment on STI: STI has broken the critical resistance ...