On 03/May, Singapore shares end lower Monday as investors took profit ahead of the general election later this week.

STI ended lower at 3153.57 (0.8%) with LOW VOL of 1.1 billion shares traded compared with 1.03 billion shares Friday. In the broader market, losers outnumbered gainers 391 to 114. Today STI undergo massive selling though the volume is relatively low due to long holiday.

Headline in STI

Before market close

Korea Investment Corp. has acquired 59.3 million shares in Noble Group Ltd. (N21.SG).

STX OSV plan to triple its production capacity in Brazil to as many as 10 vessels per year by 2013 once its second yard is slated to be fully operational.

After market close

Wing Tai Holdings Ltd 3Q net profit rose 157 per cent to S$59.47 million compared with a year earlier.

Neptune Orient Lines Ltd. (N03.SG) average revenue ...