On 03/Oct, Singapore shares ended lower on concerns over the Europe debt crisis and global economic growth.

STI ended lower at 2621.40 (2%) with regular VOL of 1.49 billion shares traded compared with 1.40 billion shares Friday. In the broader market, losers outnumbered gainers 439 to 74. Today STI undergo very heavy selling pressure as the consolidation trend for STI has been broken.

Headline in STI

Before market close

Tiger Airways Holdings Ltd. (J7X.SG) expects to post a net loss “markedly larger” than the S$20.6 million loss posted in the first quarter this year, mainly due to its recent Australian flight suspension

After market close

Keppel Corp. Ltd. (BN4.SG) has secured a jack-up rig contract from Safin Gulf FZCO worth US$199 million.

Technical Analysis on STI

Immediate Resistance of STI: 2650

Immediate Support of STI: 2550

MY sentiment on STI: Today STI gap down ...