On 11/July, Singapore shares ended higher on bargain buying.

STI ended higher at 2989.31 (0.8%) with LOW VOL of 2.29 billion shares traded compared with 1.73 billion shares Tuesday. In the broader market, gainers outnumbered losers 231 to 147. Today STI rally under weak buying pressure as investors are merely buying up specific stocks.

Headline in STI

After market close

Rig builder Keppel Corp. (BN4.SG) has secured a floating production storage and offloading vessel contract valued at US$200 million.

Keppel Corp. (BN4.SG) has increased the size of its multi-currency medium term note program to $3 billion from $1.2 billion.

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 to affirm on the bullish of the market sentiment. We expected the traders to hold onto their ...