On 30/May, Singapore shares end higher Monday though trading volumes are light due to holiday sessions.

STI ended higher at 3140.60 (0.2%) with LOW VOL of 821.3 million shares traded compared with 1.32 billion shares Friday. In the broader market, losers outnumbered gainers 241 to 168. Another weak rally occurred today as market breadth closed negative despite index rose higher.

Headline in STI

Before market close

Cosco Corp. (Singapore) Ltd. (F83.SG) has “made effective” formal agreements with Norway’s Sevan Drilling (SEVDR.OS) for the construction of two drilling rigs worth US$525 million each.

After market close

Neptune Orient Lines Ltd. (N03.SG) average revenue per 40-foot equivalent unit, or FEU, for April 9-May 6 fell 4% from a year earlier due to lower rates in the Asia-Europe trade lane.

Z-Obee Holdings Limited net profit increase 119.91 per cent to US$11.44 million for the ...