On 18/June, Singapore shares ended higher as investors were cheered by the victory of the pro-bailout New Democracy party.

STI ended higher at 2824.22 (0.5%) with LOW VOL of 1.07 billion shares traded compared with 1.2 billion shares Friday. In the broader market, gainers outnumbered losers 216 to 137. Today STI merely rebound under weak buying pressure as traders took profit in the afternoon session.

Headline in STI

After market close

ST Engineering has injected 133.6 million rupees (S$3.1 million) into its unit, LeeBoy India Construction Equipment Private Limited.

CapitaMall Trust (C38U.SG) has priced at par a HK$1.15 billion ($148.2 million) issuance of 10-year, fixed-rate notes that yield 3.76% a year.

Technical Analysis on STI

Immediate Resistance of STI: 2848

Immediate Support of STI: 2802

MY sentiment on STI: There has been profit taking today as affirm by the black ...