On 07/July, Singapore shares end higher as investors are buying on hopes that the interest rate increase by the Beijing Wednesday may be its last this year.

STI ended higher at 3125.87 (0.4%) with HIGH VOL of 1.27 billion shares traded compared with 1.18 billion shares Wednesday. In the broader market, losers outnumbered gainers 269 to 197. However market breadth ended with a negative bias suggest that investors are merely buying up selective stocks.

Headline in STI

Before market close

Oversea-Chinese Banking Corp. Ltd. (O39.SG) has launched through its Sydney branch an offer of three-year Australian dollar-denominated floating-rate notes.

After market close

Singapore Exchange Ltd. (S68.SG) propose to introduce circuit breakers in the securities market as a safety mechanism in times of high market volatility.

Capital Group Companies Inc. has reduced its stake in Tiger Airways Holdings Ltd. (J7X.SG) to 5.93% from ...