On 08/Sept, Singapore shares end lower Wednesday as concerns on the debt crisis in Europe back in focus for investors.
STI ended lower at 3011.42 (0.8%) with regular VOL of 1.67 billion shares traded compared with 1.31 billion shares Tuesday. In the broader market, gainers outnumbered losers 258 to 196. Today the selling off was mainly on STI constituent stock since 57% of stocks still ended positive despite index falls 0.8%.
Headline in STI
Before market close
Yangzijiang Shipbuilding (Holdings) Ltd.’s (BS6.SG) Taiwan depositary receipts increase by 7% daily maximum shortly after their trading debut Wednesday.
After market close
The constituents of the Straits Times Index will remain unchanged after the half-yearly review. The STI reserve list consist of the five highest ranking in order of market capitalisation will be Yangzijiang Shipbuilding Holdings, Keppel Land, CapitaCommercial Trust, Ascendas Real Estate Investment Trust and Cosco Corp
Technical Analysis on STI
Immediate Resistance of STI: 3043
Immediate Support of STI: 3000
MY sentiment on STI: STI broke the rising trend line and goes into consolidation stage with support at 3000. We advise to keep sideline first.
Be The First To Comment