On 10/Jan, Singapore shares end lower Monday as fear heighten over possible China interest rate hikes.

STI ended lower at 3229.27 (1%) with HIGH VOL of 2.13 billion shares traded compared with 2.44 billion shares Friday. In the broader market, losers outnumbered gainers 335 to 191. Today STI selling off has been trigger by possible interest rate hikes although it is mainly focus on commodities and shipping stocks.

Headline in STI

Before market close

Great Eastern Holdings Ltd. (G07.SG) a subsidiary of Oversea-Chinese Banking Corp. Ltd. (O39.SG) has established S$1 billion multicurrency medium-term note program.

Mapletree Commercial Trust plan to launch initial public offering in March which could rise up to S$1 billion.

After market close

Tiger Airways carried 5.76 million passengers in 2010, a 32 percent increase compared to a year earlier.

Technical Analysis on STI

Immediate Resistance of STI: 3250

Immediate Support ...