On 28/Sept, Singapore shares ended lower due to discord among euro-zone members on how best to stem the region’s sovereign debt crisis.

STI ended lower at 2701.17 (0.9%) with LOW VOL of 1.32 billion shares traded compared with 1.38 billion shares Tuesday. In the broader market, losers outnumbered gainers 306 to 134. Today STI undergo heavy selling pressure as investors took profit off the recent gains.

Headline in STI

Before market close

Sembcorp Industries Ltd. (U96.SG) has sign three agreements to extend collaboration on utilities projects with local authorities in China’s northeastern Liaoning province.

Singapore Airlines Ltd. (C6L.SG) plans to offer cheap access to private jets, a combination that has proven to be a surprisingly tough sell for other carriers.

After market close

City Developments Limited has incorporated a new investment holding company called Vinemont Investments Pte Ltd in Singapore.

Technical Analysis on STI