On 23/Sept, Singapore shares ended lower amid fears of a double dip global recession.
STI ended lower at 2698.80 (0.8%) with regular VOL of 1.64 billion shares traded compared with 1.37 billion shares Thursday. In the broader market, losers outnumbered gainers 289 to 165. During the morning, there was a huge gap down but the bulls managed to push the prices back above the 2680 support later in the afternoon.
Headline in STI
Before market close
Swiber Holdings Ltd. (AK3.SG) has received an order from a major oil company worth US$155 million to build a pipeline in South Asia.
After market close
StarHub Limited has established a S$1 billion multicurrency medium term note programme.
Tiger Airways Holdings Ltd. (J7X.SG) has signed a deal to buy a 33% equity stake in Indonesia’s PT Mandala Airlines.
Technical Analysis on STI
Immediate Resistance of STI: 2770
Immediate ...
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