On 04/July, Singapore shares ended higher on hopes European and U.S. central banks will issue more stimulus measures to help economic growth.

STI ended higher at 2948.77 (0.1%) with LOW VOL of 1.67 billion shares traded compared with 1.50 billion shares Tuesday. In the broader market, gainers outnumbered losers 195 to 176. Today STI trend sideways as traders await for more news on global economy.

Headline in STI

After market close

United Overseas Bank Ltd. (U11.SG) has priced at par a 1.2 billion-Singapore-dollar issuance of 10-year bonds bearing an annual 3.15% coupon.

Technical Analysis on STI

Immediate Resistance of STI: 2962

Immediate Support of STI: 2910

MY sentiment on STI: Today STI has re-test the critical resistance at 2962 but closed lower. It seems that the index are having issues in going higher especially when RSI is near overbought region. We urged ...