Shares & Derivatives
Keppel Corp Secured US$416M Rig-Building Contract!
By Dou  •  January 27, 2011

On 27/Jan, Singapore shares end flat Thursday as property developers weighed shares on fear of further tightening.

STI ended flat at 3219.83 (0.03%) with LOW VOL of 1.58 billion shares traded compared with 1.88 billion shares Wednesday. In the broader market, losers outnumbered gainers 258 to 203. Today STI continue to trade directionless under low trading volume since investors are keeping sidelined ahead of the long Chinese New Year holiday.

Headline in STI

Before market close

Keppel Corp. Ltd. (BN4.SG) has won a US$416 million contract to build two jackup rigs.

Technical Analysis on STI

Immediate Resistance of STI: 3250

Immediate Support of STI: 3214

MY sentiment on STI: We would suggest keeping sidelined as well since the market might be trending aimlessly till CNY is over.

Keppel Corp Secured US$416M Rig-Building Contract! is contributed by : Singapore Stock Information Exchange

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