On 29/Mar, Singapore shares ended lower as investors grappled with concerns on the pace of the global economic recovery.

STI ended lower at 2994.09 (0.7%) with regular VOL of 1.63 billion shares traded compared with 1.28 billion shares Wednesday. In the broader market, losers outnumbered gainers 221 to 123. Today STI under go profit taking as traders prefer to sell once index near the critical resistance.

Headline in STI

Before market close

Neptune Orient Lines Ltd. (N03.SG) is seeking to price a benchmark-sized Singapore-dollar perpetual bond at a high 5% level.

Fraser and Neave Ltd (F&N) subsidiary Hong Kong-listed Frasers Property (China) Ltd will be privatized.

After market close

Ascendas Real Estate Investment Trust (A17U.SG) has completed the acquisition of four industrial properties in Singapore for a total cost of S$185.5 million.

Technical Analysis on STI

Immediate Resistance of STI: 3005

Immediate Support ...