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The Straits Times Index (STI) ended a poor day 46.81 points or 1.7 per cent down at 2,698.90, while over in Hong Kong, the Hang Seng Index lost just over 2 per cent. The only consolation - if it can be called that - was that turnover was relatively low at 1.4 billion units worth $909 million, though the loss of the 2,700 mark by the STI would probably upset some chart watchers.
Singapore Stock ReviewSingapore stocks began the day with the Straits Times Index rising 23.74 points at 2,722.64 on Tuesday.
Singapore shares marched higher by midday, snapping four straight sessions of losses on hopes that European policymakers and the G7 will take action to ease the euro zone crisis.
Finally Singapore equity closed firmly after recovery some of the previous day's sharp losses. Straits Times Index rose 13.41 points, or 0.5 per cent, to end at 2,712.31.Volume stood at 947.7 million shares valued at S$724.6 million. Rising issues outnumbered losers by 156 to 137.
Stock Market Trend for tomorrow
STI begins day with firm node and closed above the previous close, after 4 days of straight loss today STI trades higher.
STI took support its 2698 levels and today STI closed above 2700 mark @ 2712.31. STI having major resistance @ 2735 mark if it will sustain above this level than we expect some upward rally.
STI Support
STI having nearest support @ 2690 level and below this level it can take support @ 2670-2640 will be the support zone for STI.
STI Resistance
STI having Resistance @2735 and above this level it may take resistance @ 2760-2795 levels.
Singapore Stock ReviewSingapore stocks began the day with the Straits Times Index rising 23.74 points at 2,722.64 on Tuesday.
Singapore shares marched higher by midday, snapping four straight sessions of losses on hopes that European policymakers and the G7 will take action to ease the euro zone crisis.
Finally Singapore equity closed firmly after recovery some of the previous day's sharp losses. Straits Times Index rose 13.41 points, or 0.5 per cent, to end at 2,712.31.Volume stood at 947.7 million shares valued at S$724.6 million. Rising issues outnumbered losers by 156 to 137.
Stock Market Trend for tomorrow
STI begins day with firm node and closed above the previous close, after 4 days of straight loss today STI trades higher.
STI took support its 2698 levels and today STI closed above 2700 mark @ 2712.31. STI having major resistance @ 2735 mark if it will sustain above this level than we expect some upward rally.
STI Support
STI having nearest support @ 2690 level and below this level it can take support @ 2670-2640 will be the support zone for STI.
STI Resistance
STI having Resistance @2735 and above this level it may take resistance @ 2760-2795 levels.
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