On 08/Dec, Singapore shares end higher Wednesday on hopes that U.S. tax cuts could boost the fragile economic recovery.

STI ended higher at 3202.80 (0.3%) with LOW VOL of 1.37 billion shares traded compared with 1.29 billion shares Tuesday. In the broader market, losers outnumbered gainers 228 to 219. STI slightly gain on bargain hunting as the index rise 0.3% despite most stocks ended in negative region.

Headline in STI

Before market close

Global Logistic Properties Ltd. (MC0.SG) announces that the existence of a non-competition arrangement with property group ProLogis (PLD) is “not material and continues to be non-material” to its ongoing business.

Indofood Agri Resources Ltd. (5JS.SG) has sold 8% stake in Indonesia’s Lonsum for S$183.8 million.

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Technical Analysis on STI

Immediate Resistance of STI: 3213

Immediate Support of STI: 3148

MY sentiment on ...