On 21/Nov, Singapore shares ended lower as concerns heighten over European and U.S. debt problems.

STI ended lower at 2697.98 (1.2%) with LOW VOL of 1.19 billion shares traded compared with 1.44 billion shares Friday. In the broader market, losers outnumbered gainers 284 to 84. Today STI undergo heavy selling pressure and investors panic sell on possible global economics recession.

Headline in STI

Before market close

STX OSV Holdings Ltd. (MS7.SG) has won a contract worth US$536 million from a unit of a unit of Brazilian energy giant Petroleo Brasileiro S/A (PBR, PETR4.BR) to build eight liquefied petroleum gas carriers.

Singapore Telecommunications Ltd. (SGAPY, Z74.SG) plan to raise 10 billion yen in seven-year fixed-rate notes.

Cambridge Industrial Trust plan to purchase an industrial building on Toh Guan Road East for a purchase consideration of S$35.5 million.

Technical Analysis on STI

Immediate ...