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OCBC Prices S$1 Bln Preference Share Sale!
By Dou  •  July 5, 2012

On 05/July, Singapore shares ended higher ahead of a European Central Bank meeting later in the day

STI ended higher at 2971.47 (0.8%) with LOW VOL of 1.46 billion shares traded compared with 1.67 billion shares Wednesday. In the broader market, gainers outnumbered losers 205 to 119. Today STI rally with weak buying pressure as investors are merely buying up specific stocks rather than the overall market.

Headline in STI

After market close

Oversea-Chinese Banking Corp. (O39.SG) priced a sale of preference shares worth 1 billion Singapore dollars to pay investors 4.0% annually.

Technical Analysis on STI

Immediate Resistance of STI: 3030

Immediate Support of STI: 2962

MY sentiment on STI: Today STI has broken the critical resistance at 2962. However the rally is lack of convincing as traders are only buying specific stocks. STI already in the RSI overbought region thus we urged ...

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By Dou
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