On 22/Sept, Singapore shares ended lower after Fed ‘s gloomy view on the economic and weak China data.

STI ended lower at 2720.53 (2.6%) with LOW VOL of 1.37 billion shares traded compared with 1.05 billion shares Wednesday. In the broader market, losers outnumbered gainers 413 to 80. Today STI undergo heavy selling pressure as investors hammer the banks after U.S. financial stocks slumped Wednesday.

Headline in STI

After market close

Popular Holdings Limited has bought Permai Court, and the land it sits on, for S$20.25 million.

Marco Polo Marine Ltd has secured a ship building contract worth S$10.5 million, to construct five deck cargo barges for PT. Pelayaran Nasional Bina Buana Raya (BBR).

Technical Analysis on STI

Immediate Resistance of STI: 2770

Immediate Support of STI: 2680

MY sentiment on STI: STI has pullback near to the critical support of 2680 yet ...