On 13/May, Singapore shares end higher Friday boosted by positive overnight gains in Wall Street.
STI ended higher at 3163.68 (1.1%) with HIGH VOL of 1.32 billion shares traded compared with 1.15 million shares Thursday. In the broader market, gainers outnumbered losers 283 to 161. Despite STI gains 1.1% today but the market breadth is still relatively weak as investors merely focus on blue chips
Headline in STI
Before market close
Wilmar International Ltd. (F34.SG) 1Q net profit fell 3.7% to US$386.7 million, compared to US$401.4 million a year earlier as profit in its sugar segment partially offset fair value losses on embedded derivatives of the firm’s convertible bonds.
Golden Agri-Resources Ltd. (E5H.SG) 1Q net profit grew sharply to US$230.7 million compared with US$88.5 million a year earlier boosted by a rise in crude palm oil prices and …