On 03/Sept, Singapore shares end higher Friday boasted by better-than-expected increase in U.S. pending home sales and fall in weekly jobless claims.
STI ended higher at 3002.56 (0.5%) with LOW VOL of 1.45 billion shares traded compared with 1.72 billion shares Thursday. In the broader market, gainers outnumbered losers 263 to 186. Today STI continue to close above 3000 level with lack of conviction as only 59% of stocks in positive region despite a gain of 0.53% in index.
Headline in STI
Before market close
Golden Agri-Resources plans to form a partnership with the Liberian government to develop a US$1.6 billion project for cultivation of sustainable palm oil.
Technical Analysis on STI
Immediate Resistance of STI: 3043
Immediate Support of STI: 3000
MY sentiment on STI: See weekly outlook tomorrow
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