On 19/Dec, Singapore shares ended lower over news of North Korean leader Kim Jong Il’s death.

STI ended higher at 2618.09 (1.6%) with LOW VOL of 636.7 million shares traded compared with 898.1 million shares Friday. In the broader market, losers outnumbered gainers 236 to 88. Today STI undergo heavy selling pressure as investors panic sell on North Korean leader death.

Headline in STI

After market close

Global Logistic Properties Ltd. (MC0.SG) has formed a joint venture with state investment firm China Investment Corp. to acquire 15 Japan logistic properties from LaSalle Investment Management in a deal worth about US$1.6 billion.

Sembcorp Marine Ltd. (S51.SG) has secured a US$140 million conversion contract from Norway’s Equinox Offshore Accommodation Ltd. (EQNX.NO).

Technical Analysis on STI

Immediate Resistance of STI: 2643

Immediate Support of STI: 2529

MY sentiment on STI: STI once again broke the ...