On 04/May, Singapore shares end lower Wednesday on fear as investors anticipated that Beijing will tighten policy soon.

STI ended lower at 3113.76 (1.3%) with regular VOL of 1.27 billion shares traded compared with 1.12 billion shares Tuesday. In the broader market, losers outnumbered gainers 348 to 127. Today STI continue to undergo heavy selling pressure with higher selling volume. This affirms that the selling has gained its momentum and index are likely to pull back more.

Headline in STI

After market close

StarHub Ltd. (CC3.SG) 1Q net profit surged 62% to S$69.1 million compared with S$42.7 million a year earlier as it reduced its costs.

Roxy-Pacific Holdings Limited 1Q net profit rose 11 per cent to S$10.04 million compared to a year earlier.

Technical Analysis on STI

Immediate Resistance of STI: 3180

Immediate Support of STI: 3145

MY sentiment on STI: ...