On 05/Aug, Singapore shares end higher Thursday as traders anticipated for better earnings reports and concentrate on small-cap stocks.
STI ended higher at 3006.76 (0.2%) with HIGH VOL of 1.9 billion shares traded compared with 1.60 billion shares Wednesday. In the broader market, gainers outnumbered losers 270 to 187. STI has range bounded for the past couple days while investors wait for more earnings data ahead.
Headline in STI
After market close
StarHub Ltd. (CC3.SG) 2Q net profit fell 25.4% to S$58.1 million compared S$77.8 million a year ago as operating cost increase faster than income.
Tiger Airways Holdings Ltd. (J7X.SG) net profit in 1Q rose to S$1.9 million compared with S$6.0 million net loss due to higher volume in passenger.
Technical Analysis on STI
Immediate Resistance of STI: 3038
Immediate Support of STI: 3000
MY sentiment on STI: We would advise to keep sideline since STI currently directionless and range bounding. But take profit once STI 3000 breached.
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