On 25/Feb, Singapore shares end higher Friday helped by an overnight decline in oil prices

STI ended higher at 3025.16 (1.8%) with LOW VOL of 1.26 billion shares traded compared with 1.44 billion shares Thursday. In the broader market, losers outnumbered gainers 405 to 115.  Today STI rally on a very weak buying volume or some may said it is bears covering for the weekend ahead.

Headline in STI

Before market close

Wheelock Properties (Singapore) Ltd. (M35.SG) has won the bid for five real estate sites in Fuyang city in China worth RMB1.44 billion.

United Overseas Bank Ltd. (U11.SG) 4Q net profit rose 35% to S$706 million compared with S$522 million a year earlier ago.

After market close

Sembcorp Industries Ltd. (U96.SG) 4Q net profit fell 12% to S$228.7 million compared with S$259 million a year earlier due to lower contribution ...