Singaporean stocks end down 0.1 pct on Tuesday

Source: Xinhua| 2018-11-27 18:28:55|Editor: mmm
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SINGAPORE, Nov. 27 (Xinhua) -- Singapore shares closed 0.1 percent lower on Tuesday.

U.S. stock markets rose overnight as technology shares led the strongest session in two weeks.

Maybank-Kim Eng Retail Research said "technically, the Straits Times Index has broken the initial resistance of 3,070 points and is heading towards the next level at 3,130 points, while underlying support remains at 3,000 points."

Singapore's benchmark Straits Times Index fell 2.98 points to 3,090.4 points. Trading volume was 1.83 billion shares worth 1.04 billion Singapore dollars. Decliners outnumbered advancers 192 to 185.

Chasen rose 2.2 percent to 44 Singapore cents. It secured two new contracts from a repeat customer worth a combined 34 million Chinese yuan to provide specialist relocation services in China for a state-of-the-art flat-panel display production plant and a semi-conductor fabrication facility.

Hi-P International rose 3.8 percent to 1.10 Singapore dollars. In response to Singapore Exchange queries regarding unusual share trading on Monday, it said that a controlling shareholder is considering a possible transaction involving its shares although to-date, it has not been approached by any party. Hi-P surged about 30 percent on Monday.

Among top gainers, Jardine Strategic rose 1.2 percent to 36.81 U.S. dollars, whereas Creative Technology was one of the top losers by falling 2.2 percent to 5.66 Singapore dollars. (1 U.S. dollar equals to 6.95 Chinese yuan and 1.38 Singapore dollars) Enditem