On 05/Dec, Singapore shares ended lower as investors took profits off the recent gains.

STI ended lower at 2766.23 (0.3%) with LOW VOL of 1.164 billion shares traded compared with 968.5 million shares Friday. In the broader market, gainers outnumbered losers 185 to 133. Despite STI ended lower but the positive market breadth affirms that investors remains bullish on the market outlook ahead.

Headline in STI

Before market close

CapitaCommercial Trust (C61U.SG) has priced a S$200 million 2015 bond issue.

Neptune Orient Lines (NOL) said it was not making a bid for German rival Hapag-Lloyd AG.

Technical Analysis on STI

Immediate Resistance of STI: 2778

Immediate Support of STI: 2679

MY sentiment on STI: Another “hanging man” candle sticks occurred today as STI failed to breakout of the 2778 resistance. This resistance seems to be stronger than we think and the index remains trending under ...