On 12/July, Singapore shares ended lower on concerns over the China’s second-quarter growth data.
STI ended lower at 2972.04 (0.6%) with HIGH VOL of 2.36 billion shares traded compared with 2.29 billion shares Wednesday. In the broader market, losers outnumbered gainers 246 to 161. Today STI undergo weak selling pressure as investors profit take on the recent gain.
Headline in STI
After market close
Singapore Technologies Engineering Ltd. (S63.SG) has signed an $80 million, 10-year deal with Malaysia’s AirAsia Bhd. (5099.KU) to provide component-repair management services to the budget airline.
CapitaLand Ltd. (C31.SG) has sold its entire 20.75% stake in Malaysian developer United Malayan Land Bhd. (4561.KU) for about 62.6 million Singapore dollars (US$49.2 million).
Ezra Holdings Ltd. (5DN.SG) received shipbuilding and offshore service contracts worth about 164 million U.S. dollars in total.
Technical Analysis on STI
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