On 23/May, Singapore shares end lower Monday as fears heightened over Greece’s debt crisis.

STI ended lower at 3110.48 (1.8 %) with regular VOL of 1.30 billion shares traded compared with 1.24 billion shares Friday. In the broader market, losers outnumbered gainers 432 to 95. Today STI under go massive overall selling down as investors dump their stock holdings in fear and en-cash for safety.

Headline in STI

Before market close

China’s National Audit Office audited the financial statements of Cosco’s Chinese parent and found several irregularities and disciplinary violations.

After market close

Brookvale offered to take over Singapore property firm Allgreen private by paying S$1.60 a share.

Keppel Corp. (BN4.SG) has won a contract from Dynamic Offshore Drilling Ltd. to build a jackup drilling rig worth US$180 million.

Technical Analysis on STI

Immediate Resistance of STI: 3120

Immediate Support of STI: 3070

MY ...