On 13/June, Singapore shares ended lower deterred by uncertainties surrounding Europe’s ongoing troubles.
STI ended lower at 2786.88 (0.4%) with LOW VOL of 1.44 billion shares traded compared with 1.40 billion shares Tuesday. In the broader market, gainers outnumbered losers 195 to 141. Today STI ‘s market breadth remains positive despite ended lower. This affirms that traders are merely selling specific stocks.
Headline in STI
Before market close
Olam International Limited announce the intention to form a 50:50 joint venture (“JV”) to originate and merchandise Canadian grains and oilseeds.
Technical Analysis on STI
Immediate Resistance of STI: 2802
Immediate Support of STI: 2767
MY sentiment on STI: For the past 3 trading sessions, prices have been well support at the 2767 and the selling pressure has clearly eased. It would be a good opportunity to buy on the consolidation mode. We would suggest to start buying ...
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