On 12/Jan, Singapore shares ended lower after China’s inflation data for December raised some doubts whether Beijing will ease its monetary policy.

STI ended higher at 2743.66 (0.1%) with regular VOL of 958 billion shares traded compared with 1.12 billion shares Wednesday. In the broader market, losers outnumbered gainers 198 to 172. Today investors merely take the profit off the recent rally as the market breadth is only slightly negative.

Headline in STI

After market close

Ezra Holdings Ltd. (5DN.SG) has secured two contracts worth a total of up to US$120 million.

Scandinavian airline SAS AB (SAS.SK) has an agreement with Singapore Airlines aimed at boosting flights between Scandinavia and Singapore.

Sembcorp Industries Ltd. (U96.SG) had signed an agreement to explore the feasibility of developing a 1,200-megawatt coal-fired power plant in Vietnam.

Technical Analysis on STI

Immediate Resistance of STI: 2783

Immediate Support of …