On 5/Mar, Singapore shares ended higher helped by Wall Street's rise overnight, but with upside capped @ 2800 pending for the release of U.S. February jobs data tonight. STI ended up 21.59 points, or 0.8%, at 2,790.29 points with 1.35 billion shares trade compared with 1.20 billion shares Thursday. On the broader market, gainers outnumbered losers 317 to 144. Overall I would say today is a nice board market rally with average VOL.
Today Genting rising 7.1% to S$0.905 after the announcement that the Universal Studios theme park at its Resorts World Sentosa will open on March 18. However I would discourage anyone from Long/Short Genting as it is rather volatile and mainly controlled by BB currently.
Genting Immediate Support: $0.9
Genting Immediate Resistance: $0.96
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