STI Down 1.3%, 2950 Support; Outlook Choppy-CIMB

STI down 1.3% at 2962.37, its lowest level since March 27 as Wall Street's Friday selloff on oil, financial sector jitters spills over into regional markets; support for STI tipped at 2950. CIMB says near-term outlook remains choppy; "unless the flow of negative news flow reverses this week, it looks like it will be another testing week for holders of equities." Majority of blue chips lower with particular weakness in property heavyweights; CapitaLand (C31.SG) down 3.0% at S$5.90, Keppel Land (K17.SG) down 2.7% at S$5.06. Broad market volume thin; losers outnumber gainers 196 to 53.