On 22/Aug, Singapore shares ended lower as concerns heighten on European debt crisis and global economic outlook.

STI ended lower at 2731.81 (0.1%) with LOW VOL of 1.82 billion shares traded compared with 1.72 billion shares Friday. In the broader market, losers outnumbered gainers 334 to 183. Today STI market breadth remains relatively weak despite the index ended almost flat.

Headline in STI

Before market close

Keppel Land Ltd. (K17.SG) has secured a residential property site in China for 1.94 billion yuan ($368 million).

After market close

Yangzijiang Shibuilding (Holdings) is in talks with established players to set up an offshore marine base along the coastal cities in China.

Neptune Orient Lines Ltd. (N03.SG) average revenue per 40-foot equivalent unit, or FEU, for the July 2-29 period fell 17% from a year earlier.

Technical Analysis on STI

Immediate Resistance of STI: 2770

Immediate ...