On 01/June, Singapore shares end higher Wednesday though China’s HSBC purchasing managers index for May falls to 10-month low of 51.6 from 51.8 in April while an official PMI gauge also slipped to 52.0 from 52.9 in April.

STI ended higher at 3172.87 (0.4%) with low VOL of 949 million shares traded compared with 1.11 billion shares Tuesday. In the broader market, losers outnumbered gainers 232 to 204. The negative market breadth affirms that most of the buying focused on blue chips since the catalyst index which represents growth stocks was 2.8% lower indicating investor caution.

Headline in STI

Before market close

Singapore Exchange Ltd. (S68.SG) plan to start clearing Asian foreign exchange forwards by September, becoming the world’s first bourse to do so.

CapitaLand Ltd. (C31.SG) plan to develop a S$1.5 billion mixed commercial project in Singapore with ...