On 24/Jan, Singapore shares end flat Monday as investors took profit on the morning gains due to doubt on the sustainability ahead.

STI ended higher at 3185.76 (0.2%) with LOW VOL of 1.47 billion shares traded compared with 1.80 billion shares Friday. In the broader market, losers outnumbered gainers 273 to 170. Although STI ended flat today but overall market falls pretty badly on low volume. This affirms that investors do not wish to ride their stocks over the long holiday session ahead.

Headline in STI

Before market close

Keppel Corp. Ltd. (BNA.SG) and Noble Corp. (NE) have terminated a US$152 million contract to upgrade a drill ship.

Singapore Exchange Ltd. (S68.SG) has secured long-term funding worth S$3.8 billion and A$750 million for its proposed merger with Australia’s ASX Ltd. (ASX.AU).

After market close

ComfortDelGro has been awarded 800 new taxi licenses ...