On 22/Mar, Singapore shares end higher Tuesday as anxiety eased over Japan’s nuclear crisis.

STI ended higher at 3002.75 (0.6%) with LOW VOL of 1.2 billion shares traded compared with 1.21 billion shares Monday. In the broader market, gainers outnumbered losers 376 to 120.  Today STI continue to rally as investors buy on good valuation.

Headline in STI

Before market close

Singapore Airlines Ltd. (C6L.SG) plan to suspend one set of flights between Singapore and Tokyo’s Haneda airport from March 27.

Technical Analysis on STI

Immediate Resistance of STI: 3040

Immediate Support of STI: 2973

MY sentiment on STI:  STI seems to recover after the lunch break led by a surge in Japan market on signs of progress in containing the country’s nuclear crisis.

3040 resistance is expected to be strong especially we dislike the white candle stick with long upper/lower shadow which affirms to ...