On 17/Nov, Singapore shares ended lower on continued concerns about Europe’s sovereign debt crisis.

STI ended lower at 2778.25 (1%) with regular VOL of 1.44 billion shares traded compared with 1.62 billion shares Wednesday. In the broader market, losers outnumbered gainers 272 to 166. STI continue to undergo profit taking today as investors remains cautious over the global economics.

Headline in STI

Before market close

CapitaLand Ltd. (C31.SG) joint venture with CapitaCommercial Trust (C61U.SG) and Mitsubishi Estate Asia Pte. Ltd. has secured loan facilities for up to S$890 million to fund the purchase of Market Street Car Park site.

Technical Analysis on STI

Immediate Resistance of STI: 2820

Immediate Support of STI: 2778

MY sentiment on STI: STI re-test the support at 2778 today and closed right at the support. It seems that bulls are trying to push the prices up and have much difficulty. ...