On 14/Dec, Singapore shares ended lower as investors remains concerns on the fallout from European debt troubles.

STI ended lower at 2672.39 (0.5%) with LOW VOL of 582.6 million shares traded compared with 691.2 million shares Tuesday. In the broader market, losers outnumbered gainers 193 to 130. Today STI continue to undergo profit taking with low volume.

Headline in STI

Before market close

Keppel Land had been allotted 539,375,872 rights units in K-REIT Asia at S$0.85 each.

Technical Analysis on STI

Immediate Resistance of STI: 2673

Immediate Support of STI: 2643

MY sentiment on STI: Today STI try to fall though the critical support at 2679/2643 and close slightly lower. The selling pressure is contained with STI trending sideways most of the time. We expect strong support at this level thus do consider to buy a bit if interested.

STI re-test the critical support at ...