On 06/July, Singapore shares end lower as Temasek Holdings sold large chunks of its holdings in two China banks which heighten concern on the sector in Singapore.

STI ended lower at 3114.71 (0.5%) with regular VOL of 1.18 billion shares traded compared with 1.09 billion shares Tuesday. In the broader market, losers outnumbered gainers 237 to 233. Although the STI falls but the market breadth remains slightly negative which affirms that investors merely focus on selling particular stocks only.

Headline in STI

Before market close

Tiger Airways Ltd. (J7X.SG) has suspended ticket sales in Australia following the grounding of its fleet on Saturday due to safety concerns.

Singapore Telecommunications Ltd. (Z74.SG) has priced a S$250 million, five-year note issue.

After market close

ASL Marine Ltd. (A04.SG) has secured shipbuilding contracts for 11 vessels worth S$131 million.

Technical Analysis on STI

Immediate Resistance of ...