On 12/April, Singapore shares end lower Tuesday as investors sell on news that Japan’s nuclear crisis has deteriorated to a Chernobyl disaster.

STI ended lower at 3138.00 (0.7%) with LOW VOL of 1.24 billion shares traded compared with 1.25 billion shares Monday. In the broader market, losers outnumbered gainers 349 to 129.  Today the bad news from Japan actually trigger more investors to take profit ahead of the earning seasons, the selling actually start to gain its momentum.

Headline in STI

Before market close

Sound Global Ltd has secured the contract for the waste water treatment of Anyang National Hi-Tech Industrial Development Zone in Henan Province.

After market close

Mapletree Logistics Trust (MapletreeLog) reported that there is fire at one of its Japan properties – Iwatsuki Centre – yesterday.

Technical Analysis on STI

Immediate Resistance of STI: 3145

Immediate Support of STI: 3120

MY sentiment on …