On 31/May, Singapore shares ended lower on concerns over the health of the Spanish banking system

STI ended lower at 2772.54 (0.4%) with LOW VOL of 1.52 billion shares traded compared with 1.15 billion shares Wednesday. In the broader market, gainers outnumbered losers 175 to 150. Today STI market breadth ended positive despite the index closed lower. This affirms that investors are merely selling off specific stocks rather than overall market.

Headline in STI

No Updates

Technical Analysis on STI

Immediate Resistance of STI: 2802

Immediate Support of STI: 2767

MY sentiment on STI: STI re-test the support at 2967 today and managed to stay above this level. In fact, the positive market breadth already confirms to the buying pressure of the bargain hunters. We remain our stand on STI in consolidation mode which are suitable for small entry if interested.

STI Remains Supported At 2767! ...