On 15/Dec, Singapore shares ended lower as fears heighten over euro-zone debt troubles.
STI ended lower at 2635.25 (1.4%) with LOW VOL of 717.5 million shares traded compared with 582.6 million shares Wednesday. In the broader market, losers outnumbered gainers 231 to 100. STI undergo heavy selling pressure today as investors panic sell on euro issues.
Headline in STI
Before market close
Sembcorp Marine has secured a US$291.6 million worth of contract to build an accommodation semi-submersible rig with options for another two units.
Technical Analysis on STI
Immediate Resistance of STI: 2643
Immediate Support of STI: 2635
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 …