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.