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SembMar Gets S$130 Million Contract From Modec!
By Dou  •  October 4, 2011

On 04/Oct, Singapore shares ended lower as Greece may default on its debt after euro-zone finance ministers delayed the approval of the loan disbursement at a protracted meeting Monday.

STI ended lower at 2531.02 (3.4%) with HIGH VOL of 1.64 billion shares traded compared with 1.49 billion shares Monday. In the broader market, losers outnumbered gainers 497 to 105. Today STI undergo heavy selling pressure as investors began to panic sell on possibility of Greece default.

Headline in STI

After market close

Sembcorp Marine Ltd. (S51.SG) has received a vessel conversion contract valued at S$130 million from Japan’s Modec Inc. (6269.TO).

Technical Analysis on STI

Immediate Resistance of STI: 2650

Immediate Support of STI: 2523

MY sentiment on STI: Today STI gap down for the second day and trigger more selling pressure as investors sell their stocks in panic mode. The momentum to drop ...

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By Dou
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