STI +0.1% at 3248.49, after moving between a 3256 opening high, and a 3240 low, as despite positive sentiment towards global equities after Portugal’s successful debt sale and Wall Street’s gains, the benchmark’s rangebound consolidation looks set to continue after its strong post-Christmas gains.
After the index eked out a 0.1% gain Wednesday, UOB KayHian says “there is no change in our positive stance on the market as the STI remains above the support at 3200.”
After the index eked out a 0.1% gain Wednesday, UOB KayHian says “there is no change in our positive stance on the market as the STI remains above the support at 3200.”
After investors took profit the last few sessions, “we think this may be an opportunity for investors to load some positions.” It tips support at 3200 with next resistance at 3300.
Ezra (5DN.SG) rises 1.7% to $1.84 after announcing fresh charters and its earnings for 1Q11. United Fiber System (P30.SG) is most active, rising 20.0% to $0.060, after announcing a proposed subscription of shares by Asia Star Fund and a US$35 million ($45 million) loan from the fund. 497 million shares traded in broad market with gainers beating decliners 2 to 1.
No comments:
Post a Comment