On 01/Sept, Singapore shares ended lower as investors cash in profits on recent gains.

STI ended lower at 2867.18 (0.6%) with HIGH VOL of 2.19 billion shares traded compared with 2.28 billion shares Wednesday. In the broader market, losers outnumbered gainers 315 to 226. Today STI merely undergo slight profit taking as investors remains relatively bullish on the global economy ahead.

Headline in STI

Before market close

Global Logistic Properties Ltd. (MC0.SG) has formed a US$500 million joint venture with the Canada Pension Plan Investment Board to develop logistics facilities in Japan.

After market close

Singapore Post Limited (SingPost) has opened its second regional airfreight hub, SingPost Airmail Transit Centre (ATC) 2, in Changi Airfreight Centre, to manage higher traffic volume.

Technical Analysis on STI

Immediate Resistance of STI: 2936

Immediate Support of STI: 2820

MY sentiment on STI: Today investor took some profit from ...