On 14/June, Singapore shares end lower Tuesday after Beijing announcement of higher bank-reserve requirements.

STI ended lower at 3057.39 (0.1%) with regular VOL of 894.4 million shares traded compared with 1.03 billion shares Monday. In the broader market, losers outnumbered gainers 247 to 183. Today STI selling has eased as bargain hunters came in to swoop up the stocks.

Headline in STI

Before market close

United Fiber System Ltd. (P30.SG) has secured contract worth S$166.8 million from Impac Holdings Pte Ltd for the construction of condominium in Singapore.

The board of Territory Resources Ltd. (TTY.AU) recommended its shareholders accept a cash offer by Noble Group Ltd. (N21.SG) to buy the remaining shares of the Australian miner that Noble doesn’t already own, unless a rival South African bidder comes up with a better proposal.

Olam International Ltd. (O32.SG) has extended the closing ...