On 20/Sept, Singapore shares ended higher though investor avoid aggressive positions ahead of the Fed meeting due later.

STI ended higher at 2791.79 (0.4%) with LOW VOL of 1.05 billion shares traded compared with 1.15 billion shares Tuesday. In the broader market, losers outnumbered gainers 213 to 176. STI market breadth stay at negative region despite a 0.4% rally affirms that investor are merely buying some specific blue-chip in the index.

Headline in STI

After market close

DBS Group Holdings Ltd. (D05.SG) has signed an agreement with Sri Lanka’s NDB Group to collaborate in issuing equity and fixed income, syndications, project financing and mergers and acquisitions.

Technical Analysis on STI

Immediate Resistance of STI: 2820

Immediate Support of STI: 2770

MY sentiment on STI: STI remains in consolidation mode as investors sidelined to await more outcome from the Fed. Any announcement from Fed will ...