On 26/Apr, Singapore shares ended higher Monday with exporters leading gains in Japan on the yen's recent fall and growing expectations of investors ahead of key earnings reports in this week.
STI ended 14.13 points (0.5%) higher at 3002.62 points with 2.05 billion shares traded compared with 1.73 billion Friday. In the broader market, gainer outnumbered loser 345 to 199. Overall today STI managed to rally with average VOL but having great problem climbing further upon above 3000
Market sentiment got a boost after the DOW gains for the eighth consecutive weeks and after Greece
"So long as U.S. stock markets remain stable, Asian markets will likely remain on the uptrend," said Taurus Investment & Securities analyst Oh Tae-dong in Seoul
Today at 5:30 pm after market closed, Neptune Orient Lines Ltd. (N03.SG) reported that average revenue per forty-foot equivalent unit rose 12% on year for the March 6 to April 2 period. The average revenue for the four weeks period was US$2,622 per FEU against US$2,347 per FEU, NOL said in a statement.
Volumes rose 32% to 204,400 FEU for the period.
NOL believed that the increase in volume was mainly from the Transpacific and Intra-Asia trade lanes, while revenue was up due to higher core freight rates and higher bunker recovery, particularly on the Asia-Europe trade lane.
Important Resistance of NOL: $2.24
Immediate Support of NOL: $2.11
RSI: In bullish zone of 52%
My sentiment on NOL: Expect this good news to boost NOL stock price tomorrow. If there are no increase of price at open tomorrow, sell immediately will be better option.
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