On 17/Aug, Singapore shares ended lower as investors remain concern over European economic trouble.

STI ended lower at 2828.53 (0.1%) with LOW VOL of 1.37 billion shares traded compared with 1.59 billion shares Tuesday. In the broader market, gainers outnumbered losers 278 to 220. Today STI market breadth is positive despite of the index ended lower affirms that investors took profit on specific stocks only.

Headline in STI

Before market close

Mapletree Industrial Trust Ltd. (ME8U.SG) has established a S$1 billion multicurrency medium-term note program, to finance acquisitions, development works, capital expenditure, general working capital and existing loans.

After market close

Oversea-Chinese Banking Corp. Ltd. (O39.SG) has established a US$5 billion commercial paper program in the U.S.

Technical Analysis on STI

Immediate Resistance of STI: 2936

Immediate Support of STI: 2820

MY sentiment on STI: STI seems to be well supported at the ...