Our local benchmark index STI opened higher than last Friday's closing but was met selling pressure. It pared down the gains within the first trading hours and saw a 10 points range bound mode before diving further down at the last trading hours. It registered a loss of 10.95 points, to close at 3241.60 (testing the immediate gap of 3237.74 – 3249.35). 19 out of the 30 index component stocks were in the negative, 9 unchanged and 2 are in the positive. The index was weighed down by losses in both offshore marine (i.e. Keppel Corp and SembCorp Marine) and real estate (i.e. CapitaLand, City Development and Global Logistics Properties) sector. A move below the immediate gap will trigger to look out for any reversal patterns, especially at 3200 – 3210 zone. Holding above the immediate gap and a move above 3267 will signal ......