On 23/June, Singapore shares end higher Thursday despite a gloomy market outlook from Federal Reserve Chairman Ben Bernanke.

STI ended higher at 3044.72 (0.1%) with LOW VOL of 905.6 million shares traded compared with 1.05 billion shares Wednesday. In the broader market, losers outnumbered gainers 215 to 172. Although STI ended higher but the overall market breadth remains negative which affirms that investors remains cautious on the global economy.

Headline in STI

Before market close

Singapore Telecommunications Ltd.’s (Z74.SG) Australian unit Optus has agreed a A$800 million deal to sell its hybrid fiber customer base to the government’s NBN Co.

Yangzijiang Shipbuilding (Holdings) Ltd. (BS6.SG) has signed a preliminary agreement with Peter Döhle Schiffahrts-KG of Germany to build eight container vessels, each with a 10,000 twenty-foot equivalent.

Singapore Press Holdings Ltd. (T39.SG) said its chairman, Tony Tan, will resign effective July 1 ...