On 27/Dec, Singapore shares end higher Monday despite Beijing implement surprise interest rate hike over the weekend.

STI ended higher at 3159.36 (0.5 %) with LOW VOL of 581.5 million shares traded compared with 466 million shares Friday. In the broader market, gainers outnumbered losers 228 to 166. Today STI rally on very low trading volume and broke the 3145 resistance but we would not think too much of it.

Headline in STI

Before market close

Malaysia’s AirAsia Bhd. (5099.KU) plan to bid for Virgin Atlantic which Singapore Airlines Ltd. owns a 49% stake.

BBR Holdings Ltd. (KJ5.SG) has won S$413.8 million construction contract from Singapore’s National Heritage Board.

After market close

Keppel Corp. (BN4.SG) has secured three new contracts worth S$240 million that involve upgrading of floating production storage and offloading vessel, conversion of a livestock carrier, as well as the building …