Shares & Derivatives
YZJ buys 31.5% in microcredit firm!
By Dou  •  September 5, 2011

On 05/Sept, Singapore shares ended lower after a poor U.S. jobs report heightened fear on the health of the global economy.

STI ended lower at 2773.17 (2.5%) with LOW VOL of 1.23 billion shares traded compared with 1.15 billion shares Friday. In the broader market, losers outnumbered gainers 392 to 91. Today STI undergo heavy selling pressure as investor confidence falls due to disappointing U.S. Jobs reports.

Headline in STI

After market close

Yangzijiang Shipbuilding (Holdings) has bought over a 31.5 per cent stake in Wuxi Runyuan Technology Microfinance (WRTMCO) for 94.5 million yuan (US$14.76 million).

Olam International Limited’s subsidiary, NZ Farming Systems Uruguay Limited posted a net comprehensive loss for the year ended June 30, 2011 of US$ 1.59 million, performing better than previous year’s loss of US$11.29 million.

Technical Analysis on STI

Immediate Resistance of STI: 2820

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By Dou
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