On 02/Mar, Singapore shares end lower Monday as fears heighten over political turmoil in the Middle-East which boast crude-oil prices higher.

STI ended lower at 3027.51 (1.3%) with LOW VOL of 1.3 billion shares traded compared with 1.63 billion shares Tuesday. In the broader market, losers outnumbered gainers 373 to 112.  Today investors took profit on STI as many are worried on the situation over at the Middle East. We would not consider as heavy selling since the volume is relatively low.

Headline in STI

Before market close

CDL Hospitality Trusts plans to buy Studio M Hotel for S$154 million from Millennium & Copthorne Hotels PLC (MLC.LN).

After market close

Keppel Corp. (BN4.SG) has purchased 27.8% stake in Dyna-Mac Holdings Ltd. (NO4.SG) for S$87.5 million.

Technical Analysis on STI

Immediate Resistance of STI: 3120

Immediate Support of STI: 3040

MY sentiment ...