On 08/June, Singapore shares end lower Wednesday as comments from Federal Reserve Chairman Ben Bernanke did little to settle the concerns over U.S. economic growth.
STI ended lower at 3102.98 (0.4%) with LOW VOL of 985 million shares traded compared with 1.09 billion shares Tuesday. In the broader market, losers outnumbered gainers 256 to 158. Despite STI ended lower today, but the selling pressure is relatively low as investors remains confident on the support of 3094.
Headline in STI
Before market close
Osim International Ltd. (O23.SG, OMIMY) plans to issue up to 120 million Singapore dollars ($97.8 million) in convertible bonds due 2016.
Neptune Orient Lines Ltd. (N03.SG) Eng Aik Meng resigned as the president of its APL shipping business and will be replaced by Kenneth Glenn, currently the president of the company’s North Asia region.
After market close
Mermaid Maritime is contemplating …