On 12/Aug, Singapore shares ended higher though investors remain cautious amid this week’s turmoil in markets

STI ended higher at 2850.59 (1.9%) with LOW VOL of 1.87 billion shares traded compared with 2.62 billion shares Thursday. In the broader market, gainers outnumbered losers 399 to 200. There are short covering today in the STI market as the market sentiment remains relatively weak.

Headline in STI

Before market close

Global Logistic Properties Ltd. (MC0.SG) 1Q net profit declined 80% to US$97.3 million compared with US$488 million due to one-off rental losses resulting from the Japan earthquake and higher interest expenses.

Tiger Airways Holdings Ltd. (J7X.AU) will fly its first service in Australia since a ban on its operations was lifted from Melbourne around midday Friday.

City Developments Ltd. (C09.SG, CDEVY) 2Q net profit rose 17% to S$220.9 million compared with S$188.9 ...