On 28/Dec, Singapore shares ended lower as investors focus on the Italy’s bond auction later in the day.

STI ended lower at 2666.25 (0.3%) with LOW VOL of 410.1 million shares traded compared with 372.5 million shares Tuesday. In the broader market, losers outnumbered gainers 157 to 143. Today STI continue to trend sideways as most investors prefer to keep sideline for long holiday ahead.

Headline in STI

After market close

Sound Global Ltd announced that its wholly-owned subsidiary, Sound International Investment Holdings Limited, has incorporated a wholly-owned subsidiary in Fushun City of Liaoning Province in China.

Technical Analysis on STI

Immediate Resistance of STI: 2679

Immediate Support of STI: 2643

MY sentiment on STI: STI re-test the 2679 resistance for the past 5 trading sessions but always close lower on low volume. There seems to be low interest from the investors as of now and …