On 16/May, Singapore shares ended lower due to worries Greece is edging closer to an exit from the euro zone after week-long coalition talks failed to form a government.
STI ended lower at 2831.15 (1.6%) with LOW VOL of 1.47 billion shares traded compared with 1.64 billion shares Tuesday. In the broader market, losers outnumbered gainers 365 to 71. Today STI continue to undergo heavy selling pressure on possible fallout of Greece from Euro.
Headline in STI
After market close
Singapore Airlines Ltd. (C6L.SG) plan to suspend flights to Abu Dhabi in the United Arab Emirates and Athens in Greece because of the weak performance of both routes.
Technical Analysis on STI
Immediate Resistance of STI: 2848
Immediate Support of STI: 2791
MY sentiment on STI: STI has broken another critical support at 2848 today as investors sell on bad news from Europe. We would ......
