On 17/May, Singapore shares ended lower on continued worries over Europe with Greece preparing to hold fresh elections in June.

STI ended lower at 2822.61 (0.3%) with LOW VOL of 1.20 billion shares traded compared with 1.47 billion shares Wednesday. In the broader market, losers outnumbered gainers 194 to 159. Today STI undergo profit taking as investors sell on any spikes.

Headline in STI

After market close

Sembcorp Marine Ltd. (S51.SG) its unit Sembawang Shipyard has secured three contracts totaling S$130 million for ship repair and up-gradation.

Technical Analysis on STI

Immediate Resistance of STI: 2848

Immediate Support of STI: 2791

MY sentiment on STI: STI has re-test the critical support turned resistance at 2848 today but failed to breakout and instead close lower. This is a bearish signal. Suggest to hold on any plans of buying stocks.

Sembcorp Marine Secures Contracts Totaling S$130M! is …