On 22/June, Singapore shares end lower Wednesday as investors remains cautious despite easing concerns on the sovereign debt situation in Greece.

STI ended lower at 3042.83 (0.4%) with regular VOL of 1.05 billion shares traded compared with 91.13 billion shares Tuesday. In the broader market, losers outnumbered gainers 246 to 162. Today investors took profit off the recent 2 straight days of gains as they remain concern on the situation ahead.

Headline in STI

After market close

STX OSV Holdings Ltd. (MS7.SG) has clinched new contracts for the construction of two vessels valued at NOK1.2 billion (US$218 million) from Farstad Shipping ASA (FAR.OS).

Technical Analysis on STI

Immediate Resistance of STI: 3070

Immediate Support of STI: 3040

MY sentiment on STI: Investors took profit today as STI pullback to the critical support of 3040. This is a normal pullback since investors are still ...