On 06/Aug, Singapore shares end lower Friday as investors unwilling to hold positions ahead of long weekend and important U.S. payrolls data due later in the evening.
STI ended lower at 2995.06 (0.4%) with VOL of 1.57 billion shares traded compared with 1.90 billion shares Thursday. In the broader market, losers outnumbered gainers 274 to 200. Today investors choose to cash in their profit instead of holding over the long weekend and closed with 58% of stocks in negative region.
Headline in STI
Before market close
Neptune Orient Lines Ltd. (N03.SG) 2Q net profit rose to US$100 million compared to net loss of US$146 million a year ago due to higher volumes transported and improved freight rates.
Technical Analysis on STI
Immediate Resistance of STI: 3000
Immediate Support of STI: 2959
MY sentiment on STI: See weekly market outlook tomorrow.
Valuable info. Lucky me I found your site by accident, I bookmarked it.