On 19/May, Singapore shares end higher Thursday boosted by the news of Singapore government upgraded 2011 economic outlook.

STI ended higher at 3172.56 (1%) with regular VOL of 1.27 billion shares traded compared with 1.33 billion shares Wednesday. In the broader market, gainers outnumbered losers 247 to 193. Today STI climb on a very weak rally as investors are buying stocks selective and not bullish on the overall market. This rally is lack of conviction.

Headline in STI

Before market close

Neptune Orient Lines (NOL) plan to invest US$25.8 million in a joint venture with Chinese shipping logistics firm SITC International Holdings and Qingdao Qianwan United Container Terminal to operate a two-berth container terminal at the port of Qingdao.

After market close

Scandinavian airline SAS AB (SAS.SK) has signed a letter of intent with Singapore Airlines Ltd. (C6L.SG) to further develop and enhance their ...