On 13/Jan, Singapore shares end higher Thursday after a successful Portugal government bond auction allayed some present concerns on financial problems in the eurozone.

STI ended higher at 3255.87 (0.3%) with HIGH VOL of 2.06 billion shares traded compared with 1.87 billion shares Wednesday. In the broader market, losers outnumbered gainers 274 to 270. Although the market rally 0.3% today but in the overall market losers beat gainers which indicates that investors are only buying selective stocks.

Headline in STI

Before market close

Raffles Education plan to buy Merchant Square worth $65 million (US$50.5 million).

After market close

Singapore Government announced more measures to cool the property market.

The holding period for imposition of Seller’s Stamp Duty (SSD) will be increased from the current three years to four years.

The SSD rates will be raised to 16 per cent, 12 per cent, 8 per …