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STI Ended Lower On Profit Taking!
By Dou  •  June 21, 2012

On 21/June, Singapore shares ended lower on preliminary HSBC China Manufacturing Purchasing Managers Index fell to 48.1 in June compared with a final reading of 48.4 in May.

STI ended lower at 2830.15 (0.9%) with LOW VOL of 1.21 billion shares traded compared with 1.34 billion shares Wednesday. In the broader market, losers outnumbered gainers 193 to 128. Today STI merely undergo profit taking as investors are disappointed over the data released from China.

Headline in STI

After market close

No updates

Technical Analysis on STI

Immediate Resistance of STI: 2848

Immediate Support of STI: 2802

MY sentiment on STI: STI has broken the support at 2848 on profit taking today as investors took some of their recent gains. There are no heavy selling pressure observed thus there are no need of any panic selling yet.

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