On 09/Jan, Singapore shares ended lower as investors doubts on the euro-zone’s efforts to contain the debt crisis.
STI ended higher at 2691.28 (0.9%) with regular VOL of 904.8 million shares traded compared with 627.3 million shares Friday. In the broader market, losers outnumbered gainers 208 to 136. Today STI undergo profit taking as investors sell on the weakness of the rally.
Headline in STI
After market close
Keppel Corp. Ltd. (BN4.SG) has secured a contract worth US$150 million from Diamond Offshore Drilling Inc. (DO) to build a semi submersible rig from an existing vessel.
Technical Analysis on STI
Immediate Resistance of STI: 2778
Immediate Support of STI: 2679
MY sentiment on STI: Today STI re-test the critical support at 2679 and managed to close higher. A “doji” candle stick with long upper/lower shadow affirms to the weakness in the rally. The support at 2679/2643 is expected to be very strong and investors are likely to buy at that level. Do consider if interested.