On 09/Feb, Singapore shares end lower Wednesday as China plan to raise its benchmark lending and deposit rates by 0.25%.

STI ended lower at 3150.56 (1.1%) with LOW VOL of 1.42 billion shares traded compared with 1.32 billion shares Tuesday. In the broader market, losers outnumbered gainers 355 to 128. Today STI undergo massive selling pressure on the overall market despite low volume that is triggered by the interest rates hike from China.

Headline in STI

Before market close

Singtel regional mobile subscriber base has grown 34% to achieve 383 million in the 4Q 2010.

Technical Analysis on STI

Immediate Resistance of STI: 3180

Immediate Support of STI: 3145

MY sentiment on STI: At the last few hours before closing, investors began to buy up stocks which created the black candle stick with lower shadow and pushes the index back above 3145.

Now that 3180 ...