On 07/Sept, Singapore shares ended higher on speculation that China may relax its monetary policy.

STI ended higher at 2832.13 (2.1%) with LOW VOL of 1.52 billion shares traded compared with 1.33 billion shares Tuesday. In the broader market, gainers outnumbered losers 329 to 140. Today STI undergo relatively strong buying pressure as investors buy on the recent correction.

Headline in STI

Before market close

CapitaLand Ltd. (C31.SG) has bought back 1.5 million of its shares, representing 0.035% of its issued share capital, in the property developer’s first-ever share buy-back exercise.

After market close

Global Logistic Properties Ltd. (MC0.SG) has signed new lease agreements for space at Chinese logistic facilities totaling 152,000 square meters.

United Overseas Bank has increased its stake in Vietnam’s Southern Commercial Joint Stock Bank to around 19.99 per cent through the subscription and market purchase of an ...