On 14/May, Singapore shares ended lower after sharp losses in European markets.

STI ended lower at 2864.12 (0.7%) with LOW VOL of 1.82 billion shares traded compared with 1.92 billion shares Friday. In the broader market, losers outnumbered gainers 346 to 88. Today STI undergo heavy selling pressure as investors panic sell on possible economics down fall.

Headline in STI

After market close

ComfortDelGro 1Q net profit rose 6.8 per cent from a year ago to S$53.5 million.

STX OSV Holdings 1Q net profit fall 13 per cent year on year to NOK269 million (US$45.83 million).

Technical Analysis on STI

Immediate Resistance of STI: 2906

Immediate Support of STI: 2848

MY sentiment on STI: STI continue to undergo selling pressure as the index failed to recover above the 2906 critical resistance. We expected more selling in this week as the market sentiment has ...