On 26/June, Singapore shares ended lower on the downgrade of Spanish banks intensified pressure on a European Union meeting later this week.

STI ended lower at 2805.63 (0.3%) with LOW VOL of 1.26 billion shares traded compared with 1.24 billion shares Monday. In the broader market, gainers outnumbered losers 169 to 145. Today STI ended lower despite market breadth at positive level affirms that investors are merely selling specific stocks.

Headline in STI

After market close

CWT Ltd. (C14.SG) has set up a 500 million Singapore dollar multicurrency medium-term note program to raise funds for general corporate purposes.

Technical Analysis on STI

Immediate Resistance of STI: 2848

Immediate Support of STI: 2802

MY sentiment on STI: STI remains well supported at the 2802 level and there are little selling pressure as investors are looking to buy ahead of the coming earning results. We do not ...