On 14/Mar, Singapore shares end lower Monday as investors are concern on the economy outlook especially after the Japanese earthquake and tsunami.

STI ended lower at 3.30.86 (0.4%) with LOW VOL of 976.7 million shares traded compared with 1.30 billion shares Friday. In the broader market, losers outnumbered gainers 313 to 120.  Today STI continued to undergo selling pressure as investors dump stocks due to many unknown factors ahead.

Headline in STI

Before market close

Global Logistic Properties (MC0.SG) has reduced the estimated damage from the Japan earthquake by 18% to JPY3.17 billion (US$38.8 million) while the estimated loss of rental income remains at Y890 million (US$10.8 million).

Neptune Orient Lines (N03.SG) reported that its staff and vessels in Japan are safe after the devastating earthquake that hit the nation, although a power outage temporarily disrupted the company’s operations at ...