On 07/Jan, Singapore shares end lower Friday ahead of key U.S. jobless report.

STI ended lower at 3261.35 (0.6 %) with HIGH VOL of 2.44 billion shares traded compared with 2.09 billion shares Thursday. In the broader market, losers outnumbered gainers 313 to 233. Today STI began to pullback to re-test the support; however the selling pressure is mainly focus on the commodities and shipping stock and not on the overall market.

Headline in STI

Before market close

Neptune Orient Lines fell as much as 2.5 per cent due to oversupply in the shipping industry and falling container rates.

GMG Global rose as much as 6.8 per cent due to news that shipments of rubber in Ivory Coast have been resumed.

Technical Analysis on STI

Immediate Resistance of STI: 3314

Immediate Support of STI: 3250

MY sentiment on STI: See market outlook tomorrow.

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