On 18/July, Singapore shares ended lower as U.S. and European sovereign debt issues kept investors cautious.

STI ended lower at 3078.95 (0.2%) with regular VOL of 1.25 billion shares traded compared with 1.17 billion shares Friday. In the broader market, losers outnumbered gainers 382 to 159. Today STI undergo heavy selling pressure as investors are fearful that US might not be able to raise its debt ceiling.

Headline in STI

Before market close

Sembcorp Industries joint venture with Oman Investment Corporation has completed the first phase of its US$1 billion water and power plant in Oman.

After market close

Singapore Airlines said that Campbell Wilson will be the first CEO of the new no-frills, low-fare airline that it plans to launch next year.

K-REIT Asia (K71U.SG) will acquire a 50% stake in a 30-storey Sydney office property currently under construction for A$154.4 million-A$169....