On 10/Dec, Singapore shares end lower Friday as robust trade data from China heightened fears that interest-rate hike are likely to be implemented soon
STI ended lower at 3185.42 (0.8%) with LOW VOL of 1.18 billion shares traded compared with 1.51 billion shares Thursday. In the broader market, losers outnumbered gainers 312 to 148. Today STI falls on light trading volume with selling pressure mainly focus on commodities stocks.
Headline in STI
After market close
Keppel Corporation Limited reported that their stake in Floatel International Limited has reduced to 23.47 % from 29.90 % due to the initial public offer (IPO) of the latter on the Oslo Stock Exchange.
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Technical Analysis on STI
Immediate Resistance of STI: 3213
Immediate Support of STI: 3148
MY sentiment on STI: See weekly outlook tomorrow....