On 20/May, Singapore shares end lower Friday as investors took profit ahead of the weekend.

STI ended lower at 3168.54 (0.1%) with regular VOL of 1.24 billion shares traded compared with 1.27 billion shares Thursday. In the broader market, losers outnumbered gainers 288 to 189. Today STI fall slightly as investors took profit ahead of the weekend. No selling pressure observed.

Headline in STI

Before market close

STX OSV Holdings Ltd. (MS7.SG) has won two platform supply vessel design and construction contracts worth about NOK600 million with Norway’s Farstad Shipping ASA (FAR.OS).

After market close

Indofood Agri Resources Ltd. (5JS.SG) has priced its PT Salim Ivomas Pratama Tbk initial public offer on 3.16 billion shares at IDR1,100 per share that could raise up to IDR3.48 trillion.

Technical Analysis on STI

Immediate Resistance of STI: 3180

Immediate Support of STI: 3146

MY ...